Greenleaf Trust Buys 1,606 Shares of United Parcel Service, Inc. (NYSE:UPS)

Greenleaf Trust grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,312 shares of the transportation company’s stock after acquiring an additional 1,606 shares during the quarter. Greenleaf Trust’s holdings in United Parcel Service were worth $1,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of United Parcel Service by 26.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 58,728 shares of the transportation company’s stock valued at $8,007,000 after purchasing an additional 12,233 shares in the last quarter. Elevated Capital Advisors LLC lifted its holdings in shares of United Parcel Service by 8.9% during the third quarter. Elevated Capital Advisors LLC now owns 4,438 shares of the transportation company’s stock valued at $605,000 after purchasing an additional 364 shares in the last quarter. Lecap Asset Management Ltd. lifted its holdings in shares of United Parcel Service by 3.1% during the third quarter. Lecap Asset Management Ltd. now owns 24,466 shares of the transportation company’s stock valued at $3,336,000 after purchasing an additional 730 shares in the last quarter. Community Trust & Investment Co. lifted its holdings in shares of United Parcel Service by 3.6% during the third quarter. Community Trust & Investment Co. now owns 5,283 shares of the transportation company’s stock valued at $720,000 after purchasing an additional 182 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of United Parcel Service by 0.4% during the third quarter. Private Advisor Group LLC now owns 104,868 shares of the transportation company’s stock valued at $14,298,000 after purchasing an additional 466 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. Citigroup started coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. UBS Group reduced their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.05.

United Parcel Service Stock Performance

NYSE UPS opened at $131.41 on Thursday. The firm has a market cap of $112.43 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $130.54 and a 200-day moving average price of $136.15. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the company earned $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is presently 94.49%.

United Parcel Service Company Profile

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.