Guyasuta Investment Advisors Inc. Boosts Position in United Parcel Service Inc. (UPS)
Guyasuta Investment Advisors Inc. boosted its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,543 shares of the company’s stock after buying an additional 100 shares during the period. United Parcel Service makes up about 2.5% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 16th largest position. Guyasuta Investment Advisors Inc.’s holdings in United Parcel Service were worth $19,635,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new position in United Parcel Service during the second quarter valued at about $102,000. Security National Trust Co. raised its stake in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock valued at $115,000 after buying an additional 275 shares during the last quarter. Financial Architects Inc raised its stake in United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock valued at $124,000 after buying an additional 202 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in United Parcel Service by 216.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,157 shares of the company’s stock valued at $127,000 after buying an additional 791 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock valued at $130,000 after buying an additional 179 shares during the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.
United Parcel Service Inc. (NYSE:UPS) traded up 0.21% during mid-day trading on Wednesday, reaching $116.52. 679,555 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $110.40 and its 200 day moving average is $108.14. United Parcel Service Inc. has a 1-year low of $87.30 and a 1-year high of $116.96. The stock has a market capitalization of $101.68 billion, a PE ratio of 20.76 and a beta of 0.89.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $14.72 billion. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. United Parcel Service’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. Analysts forecast that United Parcel Service Inc. will post $5.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 14th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $3.12 dividend on an annualized basis and a yield of 2.68%. United Parcel Service’s dividend payout ratio is presently 55.52%.
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Several equities research analysts have commented on UPS shares. BMO Capital Markets started coverage on shares of United Parcel Service in a report on Thursday, November 17th. They issued an “outperform” rating and a $125.00 price target on the stock. They noted that the move was a valuation call. Barclays PLC upped their price target on shares of United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a report on Friday, November 25th. Finally, Vetr lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 price target on the stock. in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $113.40.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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