Vaughan Nelson Investment Management L.P. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Vaughan Nelson Investment Management L.P. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,940 shares of the transportation company’s stock after buying an additional 2,060 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in United Parcel Service were worth $2,310,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UPS. RIA Advisory Group LLC purchased a new position in United Parcel Service in the 3rd quarter valued at approximately $285,000. Natixis Advisors LLC boosted its position in United Parcel Service by 40.6% in the 3rd quarter. Natixis Advisors LLC now owns 249,530 shares of the transportation company’s stock valued at $34,021,000 after buying an additional 71,996 shares during the period. Mizuho Markets Americas LLC boosted its position in United Parcel Service by 1,074.8% in the 3rd quarter. Mizuho Markets Americas LLC now owns 31,249 shares of the transportation company’s stock valued at $4,260,000 after buying an additional 28,589 shares during the period. Seelaus Asset Management LLC purchased a new position in United Parcel Service in the 3rd quarter valued at approximately $531,000. Finally, Northcape Wealth Management LLC boosted its position in United Parcel Service by 3.1% in the 3rd quarter. Northcape Wealth Management LLC now owns 19,112 shares of the transportation company’s stock valued at $2,606,000 after buying an additional 582 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UPS. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Performance

NYSE:UPS opened at $134.07 on Monday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $132.50 and a 200-day moving average of $134.59. The firm has a market cap of $114.84 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s payout ratio is presently 98.49%.

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.