Olstein Capital Management L.P. Raises Stock Position in United Parcel Service, Inc. $UPS

Olstein Capital Management L.P. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 23.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,000 shares of the transportation company’s stock after purchasing an additional 14,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in United Parcel Service were worth $6,098,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Evelyn Partners Investment Management Europe Ltd lifted its holdings in United Parcel Service by 110.1% in the second 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 during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of United Parcel Service in the 1st quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $34,000. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Stephens upgraded shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Bank of America lowered their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Citigroup boosted their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, UBS Group raised their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One 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, the company currently has an average rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Stock Performance

Shares of UPS stock opened at $100.92 on Friday. The company has a market capitalization of $85.62 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99. The company’s 50-day moving average is $96.80 and its 200 day moving average is $92.87.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

About United Parcel Service

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.