Linscomb Wealth Inc. Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Linscomb Wealth Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,062 shares of the transportation company's stock after selling 7,130 shares during the quarter. Linscomb Wealth Inc.'s holdings in United Parcel Service were worth $6,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Blackston Financial Advisory Group LLC grew its position in United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company's stock valued at $694,000 after acquiring an additional 69 shares during the period. Cigna Investments Inc. New grew its holdings in shares of United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock worth $1,024,000 after purchasing an additional 75 shares during the last quarter. Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company's stock valued at $889,000 after acquiring an additional 77 shares during the period. Nicholas Hoffman & Company LLC. lifted its stake in shares of United Parcel Service by 0.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company's stock valued at $2,167,000 after acquiring an additional 79 shares during the period. Finally, Horan Capital Advisors LLC. lifted its stake in shares of United Parcel Service by 0.4% during the second quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company's stock valued at $3,152,000 after acquiring an additional 83 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS traded up $1.46 on Friday, reaching $134.10. The stock had a trading volume of 3,336,411 shares, compared to its average volume of 4,169,392. The company has a market capitalization of $114.86 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The firm has a 50-day moving average of $132.37 and a 200-day moving average of $134.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $1.63 dividend. 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 4.86%. United Parcel Service's dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

UPS has been the topic of several research reports. BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 24th. Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Robert W. Baird cut their target price on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 24th. Finally, Bank of America increased their target price on United Parcel Service from $132.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently 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.