46,511 Shares in United Parcel Service, Inc. $UPS Purchased by Strategic Planning Inc.

Strategic Planning Inc. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, HoldingsChannel reports. The fund bought 46,511 shares of the transportation company’s stock, valued at approximately $3,885,000. United Parcel Service makes up about 2.2% of Strategic Planning Inc.’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors also recently bought and sold shares of UPS. Brighton Jones LLC lifted its position in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. State of Wyoming raised its stake in shares of United Parcel Service by 4,192.3% during the 1st quarter. State of Wyoming now owns 558 shares of the transportation company’s stock valued at $61,000 after buying an additional 545 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at about $38,000. Canada Pension Plan Investment Board lifted its holdings in shares of United Parcel Service by 81.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 331,835 shares of the transportation company’s stock valued at $36,499,000 after buying an additional 148,839 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of United Parcel Service by 31.7% in the first quarter. Vident Advisory LLC now owns 26,142 shares of the transportation company’s stock worth $2,875,000 after buying an additional 6,296 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.61 on Tuesday. 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 stock has a market capitalization of $84.50 billion, a PE ratio of 15.39, a P/E/G ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The company has a fifty day moving average of $95.80 and a two-hundred day moving average of $92.78.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research 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 company 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 of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.6%. United Parcel Service’s dividend payout ratio is presently 101.39%.

Analyst Ratings Changes

Several research analysts recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft reduced their price target on 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. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. BMO Capital Markets reissued a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $110.09.

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.