Sentry Investment Management LLC Buys 2,605 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sentry Investment Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 273.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,556 shares of the transportation company’s stock after purchasing an additional 2,605 shares during the quarter. Sentry Investment Management LLC’s holdings in United Parcel Service were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new stake in United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Tortoise Investment Management LLC increased its position in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares during the period. Finally, PSI Advisors LLC raised its stake in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on UPS. Wells Fargo & Company boosted their price objective 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. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price for the company. Evercore ISI upped their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $133.00 on Tuesday. The firm has a market capitalization of $113.93 billion, a PE ratio of 20.09, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $131.58 and a two-hundred day moving average price of $135.46. 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 issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

United Parcel Service 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.