Vaughan David Investments LLC IL Has $29.86 Million Holdings in United Parcel Service, Inc. $UPS

Vaughan David Investments LLC IL raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 357,429 shares of the transportation company’s stock after acquiring an additional 29,853 shares during the quarter. Vaughan David Investments LLC IL’s holdings in United Parcel Service were worth $29,856,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UPS. Platform Technology Partners boosted its holdings in United Parcel Service by 48.4% during the 3rd quarter. Platform Technology Partners now owns 3,863 shares of the transportation company’s stock worth $323,000 after acquiring an additional 1,260 shares during the last quarter. Live Oak Investment Partners purchased a new position in United Parcel Service in the third quarter valued at approximately $298,000. Root Financial Partners LLC bought a new position in shares of United Parcel Service during the 3rd quarter worth $84,000. Lee Danner & Bass Inc. increased its stake in shares of United Parcel Service by 95.5% in the third quarter. Lee Danner & Bass Inc. now owns 121,729 shares of the transportation company’s stock worth $10,168,000 after purchasing an additional 59,468 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of United Parcel Service by 12.1% during the third quarter. Arkadios Wealth Advisors now owns 32,630 shares of the transportation company’s stock worth $2,726,000 after acquiring an additional 3,517 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Sanford C. Bernstein lifted their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. increased their price target on shares of United Parcel Service from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Susquehanna increased their target price on United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $111.42.

United Parcel Service Stock Performance

UPS opened at $106.49 on Tuesday. The company has a 50 day simple moving average of $99.48 and a two-hundred day simple moving average of $93.17. The firm has a market cap of $90.35 billion, a P/E ratio of 16.52, a PEG ratio of 2.33 and a beta of 1.11. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.