Shum Financial Group Inc. Buys New Stake in United Parcel Service, Inc. $UPS

Shum Financial Group Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,850 shares of the transportation company’s stock, valued at approximately $489,000.

A number of other institutional investors have also modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd increased its stake in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in United Parcel Service in the 2nd quarter valued at $26,000. Salzhauer Michael acquired a new stake in United Parcel Service during the 3rd quarter worth $31,000. Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter worth $33,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Stifel Nicolaus lifted their price target on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Stock Performance

Shares of UPS stock opened at $99.59 on Wednesday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50 day moving average price is $96.03 and its 200-day moving average price is $92.78. The firm has a market cap of $84.49 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.37 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. United Parcel Service’s dividend payout ratio is 101.39%.

United Parcel Service Company 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.