Balboa Wealth Partners Has $945,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Balboa Wealth Partners grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 349.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,931 shares of the transportation company's stock after purchasing an additional 5,390 shares during the quarter. Balboa Wealth Partners' holdings in United Parcel Service were worth $945,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Marshall Wace LLP increased its position in United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the period. Van ECK Associates Corp lifted its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock valued at $232,959,000 after buying an additional 1,620,091 shares during the period. Spirepoint Private Client LLC purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $160,787,000. Finally, Assenagon Asset Management S.A. raised its position in United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company's stock worth $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

UPS traded up $1.46 during midday trading on Friday, reaching $134.10. The company's stock had a trading volume of 3,336,411 shares, compared to its average volume of 4,169,392. 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 fifty day simple moving average of $132.37 and a 200 day simple moving average of $134.86. The stock has a market cap of $114.86 billion, a P/E ratio of 20.11, a PEG ratio of 2.19 and a beta of 0.99. 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 - Get Free Report) last issued 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 firm had revenue of $22.20 billion during 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 business's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPS shares. Stephens reduced 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. Bank of America raised their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Argus raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a "hold" rating and a $144.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $151.52.

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.