Modera Wealth Management LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Modera Wealth Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 140,158 shares of the transportation company’s stock after buying an additional 100 shares during the period. Modera Wealth Management LLC’s holdings in United Parcel Service were worth $19,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in United Parcel Service in the second quarter valued at $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $137.43 on Friday. The business has a 50-day moving average of $130.89 and a two-hundred day moving average of $135.98. The firm has a market capitalization of $117.72 billion, a PE ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 earnings per share. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service’s dividend payout ratio is currently 106.36%.

Wall Street Analyst Weigh In

UPS has been the topic of several research reports. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company increased their target price on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays reissued an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.43.

About United Parcel Service

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