Concord Wealth Partners reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 48.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,982 shares of the transportation company's stock after selling 6,461 shares during the period. Concord Wealth Partners' holdings in United Parcel Service were worth $952,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in UPS. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new position in United Parcel Service in the second quarter valued at $32,000. Centerpoint Advisors LLC raised its holdings in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock valued at $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of United Parcel Service by 168.5% in the second 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 in the last quarter. Finally, PSI Advisors LLC lifted its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Stock Performance
Shares of NYSE UPS traded down $2.09 during mid-day trading on Monday, hitting $135.34. The company had a trading volume of 3,753,063 shares, compared to its average volume of 4,220,409. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a market cap of $115.93 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The firm's 50 day simple moving average is $130.89 and its two-hundred day simple moving average is $135.90.
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, beating the consensus estimate of $1.63 by $0.13. The company 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 company'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 company posted $1.57 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.82%. United Parcel Service's payout ratio is currently 98.49%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on UPS. Bank of America lifted their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday. Robert W. Baird reduced their price objective 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. Stifel Nicolaus increased their target price on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a research note on Friday. Citigroup assumed coverage on United Parcel Service in a research report on Wednesday, October 9th. They set a "buy" rating and a $162.00 price target on the stock. Finally, Baird R W upgraded shares of United Parcel Service to a "strong-buy" rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.71.
Read Our Latest Stock Analysis on UPS
United Parcel Service Company Profile
(
Free Report)
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.
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