Jones Financial Companies Lllp Has $46.61 Million Stock Position in United Parcel Service, Inc. $UPS

Jones Financial Companies Lllp grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 26.9% in the third quarter, HoldingsChannel reports. The fund owned 556,703 shares of the transportation company’s stock after buying an additional 118,138 shares during the period. Jones Financial Companies Lllp’s holdings in United Parcel Service were worth $46,607,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Evelyn Partners Investment Management Europe Ltd grew its position in shares of 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 purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in shares of United Parcel Service in the second quarter valued at approximately $26,000. Salzhauer Michael acquired a new stake in United Parcel Service during the third quarter worth approximately $31,000. RMG Wealth Management LLC bought a new position in United Parcel Service during the 2nd quarter worth $34,000. Finally, FNY Investment Advisers LLC acquired a new position in United Parcel Service in the 2nd quarter valued at $34,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UPS. Evercore ISI increased their target price on United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research note on Tuesday, January 13th. Hsbc Global Res upgraded shares of United Parcel Service from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Stephens upped their price target on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Trading Up 3.9%

Shares of United Parcel Service stock opened at $110.31 on Tuesday. The firm has a market capitalization of $93.59 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The firm’s 50 day moving average is $102.09 and its 200 day moving average is $93.59. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

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.