Bard Financial Services Inc. Sells 31,900 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bard Financial Services Inc. lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 90.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,425 shares of the transportation company's stock after selling 31,900 shares during the period. Bard Financial Services Inc.'s holdings in United Parcel Service were worth $467,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Archford Capital Strategies LLC increased its stake in United Parcel Service by 1.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,102 shares of the transportation company's stock valued at $835,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC bought a new stake in United Parcel Service during the 2nd quarter valued at $362,000. Ellsworth Advisors LLC increased its stake in United Parcel Service by 7.1% during the 2nd quarter. Ellsworth Advisors LLC now owns 27,949 shares of the transportation company's stock valued at $3,825,000 after purchasing an additional 1,848 shares in the last quarter. Cordatus Wealth Management LLC bought a new stake in United Parcel Service during the 2nd quarter valued at $1,725,000. Finally, Naples Global Advisors LLC increased its stake in United Parcel Service by 3.8% during the 2nd quarter. Naples Global Advisors LLC now owns 45,064 shares of the transportation company's stock valued at $6,167,000 after purchasing an additional 1,655 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE UPS traded down $0.71 during trading on Thursday, hitting $128.41. 2,621,736 shares of the company's stock traded hands, compared to its average volume of 4,177,798. The stock has a market capitalization of $109.58 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.06 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day moving average of $133.02 and a 200-day moving average of $132.88.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is 98.49%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $140.00 to $139.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $155.00 to $150.00 in a research note on Tuesday. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Susquehanna upped their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Argus upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $151.29.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

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.