Davis R M Inc. Acquires 12,027 Shares of United Parcel Service, Inc. (NYSE:UPS)

Davis R M Inc. grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 621.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,963 shares of the transportation company’s stock after buying an additional 12,027 shares during the quarter. Davis R M Inc.’s holdings in United Parcel Service were worth $2,503,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in shares of United Parcel Service by 1.7% in the 2nd quarter. ProShare Advisors LLC now owns 112,892 shares of the transportation company’s stock worth $20,236,000 after purchasing an additional 1,898 shares during the period. Profund Advisors LLC lifted its holdings in United Parcel Service by 8.2% in the second quarter. Profund Advisors LLC now owns 8,433 shares of the transportation company’s stock worth $1,512,000 after buying an additional 638 shares during the period. Financial Partners Group LLC boosted its position in United Parcel Service by 5.5% during the 2nd quarter. Financial Partners Group LLC now owns 12,275 shares of the transportation company’s stock valued at $2,200,000 after acquiring an additional 637 shares in the last quarter. Providence Capital Advisors LLC grew its holdings in shares of United Parcel Service by 2.0% during the 2nd quarter. Providence Capital Advisors LLC now owns 10,021 shares of the transportation company’s stock worth $1,796,000 after acquiring an additional 199 shares during the period. Finally, Trust Investment Advisors raised its position in shares of United Parcel Service by 2.0% in the 2nd quarter. Trust Investment Advisors now owns 6,756 shares of the transportation company’s stock worth $1,211,000 after acquiring an additional 131 shares in the last quarter. 58.45% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

NYSE UPS opened at $149.57 on Tuesday. The stock has a market capitalization of $127.42 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.67 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.22 and a quick ratio of 1.22. The business’s fifty day moving average price is $150.11 and its 200-day moving average price is $166.18.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.04. The business had revenue of $21.06 billion for the quarter, compared to analysts’ expectations of $21.40 billion. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the firm posted $2.99 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 8.81 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 13th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 65.59%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $186.00 to $178.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Loop Capital lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and decreased their price target for the stock from $210.00 to $195.00 in a research note on Wednesday, August 9th. Stephens reissued an “equal weight” rating and set a $195.00 price objective on shares of United Parcel Service in a research note on Tuesday, September 12th. TD Cowen decreased their target price on shares of United Parcel Service from $190.00 to $185.00 and set a “market perform” rating for the company in a research note on Thursday, September 14th. Finally, Evercore ISI dropped their price target on United Parcel Service from $185.00 to $179.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $188.91.

United Parcel Service 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 letters, documents, small packages, and palletized freight through air and ground services in the United States.