Laurel Wealth Advisors LLC Has $4.23 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Laurel Wealth Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 12.2% in the second quarter, HoldingsChannel reports. The firm owned 23,196 shares of the transportation company’s stock after acquiring an additional 2,530 shares during the period. United Parcel Service makes up 1.0% of Laurel Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. Laurel Wealth Advisors LLC’s holdings in United Parcel Service were worth $4,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cordant Inc. acquired a new stake in United Parcel Service during the 1st quarter valued at $26,000. Worth Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter valued at $27,000. Winch Advisory Services LLC increased its stake in shares of United Parcel Service by 334.1% in the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock valued at $33,000 after buying an additional 137 shares during the period. Ten Capital Wealth Advisors LLC increased its stake in shares of United Parcel Service by 46.1% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 187 shares of the transportation company’s stock valued at $40,000 after buying an additional 59 shares during the period. Finally, Rational Advisors LLC increased its stake in shares of United Parcel Service by 60.0% in the 1st quarter. Rational Advisors LLC now owns 192 shares of the transportation company’s stock valued at $41,000 after buying an additional 72 shares during the period. 59.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James lifted their target price on United Parcel Service from $205.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 26th. JPMorgan Chase & Co. set a $180.00 target price on United Parcel Service in a research note on Tuesday, October 25th. Citigroup lowered their target price on United Parcel Service from $210.00 to $205.00 in a research note on Wednesday, October 26th. Credit Suisse Group set a $210.00 target price on United Parcel Service in a research note on Thursday, November 17th. Finally, Argus lowered their target price on United Parcel Service from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $200.13.

United Parcel Service Stock Performance

NYSE UPS traded up $0.10 during trading on Thursday, reaching $182.84. 1,583,827 shares of the company’s stock were exchanged, compared to its average volume of 3,024,707. The business has a 50 day moving average price of $169.06 and a 200-day moving average price of $180.80. The stock has a market capitalization of $158.14 billion, a P/E ratio of 14.33, a PEG ratio of 1.70 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.39 and a quick ratio of 1.39. United Parcel Service, Inc. has a fifty-two week low of $154.87 and a fifty-two week high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The transportation company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $24.16 billion for the quarter, compared to the consensus estimate of $24.34 billion. United Parcel Service had a return on equity of 71.90% and a net margin of 11.07%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.71 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 12.91 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 47.65%.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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