Commonwealth Retirement Investments LLC Has $4.21 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Commonwealth Retirement Investments LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,841 shares of the transportation company’s stock after buying an additional 1,256 shares during the quarter. United Parcel Service comprises 1.8% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 18th biggest holding. Commonwealth Retirement Investments LLC’s holdings in United Parcel Service were worth $4,205,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the second quarter valued at about $32,000. Centerpoint Advisors LLC raised its holdings in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC raised its holdings in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

NYSE:UPS traded up $0.10 during trading hours on Tuesday, hitting $131.71. The company’s stock had a trading volume of 439,208 shares, compared to its average volume of 4,160,496. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The stock has a fifty day simple moving average of $132.12 and a 200-day simple moving average of $135.01. The company has a market capitalization of $112.82 billion, a P/E ratio of 19.87, a PEG ratio of 2.17 and a beta of 0.99.

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

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.95%. United Parcel Service’s payout ratio is presently 98.49%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stephens dropped their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Robert W. Baird dropped their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. UBS Group boosted their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

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.