United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Banque Pictet & Cie SA

by · The Markets Daily

Banque Pictet & Cie SA lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,349 shares of the transportation company’s stock after acquiring an additional 1,521 shares during the period. Banque Pictet & Cie SA’s holdings in United Parcel Service were worth $2,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. RB Capital Management LLC grew its stake in shares of United Parcel Service by 3.1% in the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 81 shares during the last quarter. Ergoteles LLC purchased a new position in United Parcel Service during the 1st quarter worth $1,162,000. Halbert Hargrove Global Advisors LLC lifted its stake in shares of United Parcel Service by 10.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after acquiring an additional 112 shares during the period. First Western Trust Bank purchased a new stake in shares of United Parcel Service in the first quarter valued at about $515,000. Finally, Stevens Capital Management LP acquired a new position in shares of United Parcel Service during the first quarter worth about $701,000. Hedge funds and other institutional investors own 58.45% of the company’s stock.

United Parcel Service Stock Up 0.2 %

Shares of NYSE:UPS opened at $156.89 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98. The firm has a market cap of $133.66 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.67 and a beta of 1.05. The stock’s 50-day moving average price is $155.19 and its two-hundred day moving average price is $161.43. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80.

United Parcel Service (NYSE:UPS – Get Free Report) last released 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 net margin of 9.19% and a return on equity of 43.46%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the company earned $2.99 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 8.77 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 13th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Friday, November 10th. United Parcel Service’s payout ratio is currently 65.59%.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of United Parcel Service from $170.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Tuesday. TheStreet lowered United Parcel Service from a “b-” rating to a “c” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a research report on Thursday, December 21st. StockNews.com started coverage on shares of United Parcel Service in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Seventeen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $185.26.

Read Our Latest Stock Analysis on United Parcel Service

About United Parcel Service

(Free Report)

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.

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