Capital Performance Advisors LLP Invests $54,000 in United Parcel Service, Inc. (NYSE:UPS)

Capital Performance Advisors LLP purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 393 shares of the transportation company’s stock, valued at approximately $54,000.

Other large investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the 2nd quarter worth $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UPS shares. BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Down 1.3 %

Shares of UPS opened at $132.44 on Friday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $113.45 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.20 and a beta of 0.99. The stock’s 50-day moving average price is $132.06 and its 200-day moving average price is $135.29.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.92%. United Parcel Service’s payout ratio is 98.49%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.