Linscomb Wealth Inc. Sells 7,130 Shares of United Parcel Service, Inc. (NYSE:UPS)

Linscomb Wealth Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 48,062 shares of the transportation company’s stock after selling 7,130 shares during the period. Linscomb Wealth Inc.’s holdings in United Parcel Service were worth $6,553,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of United Parcel Service by 6.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock worth $12,676,000 after acquiring an additional 5,373 shares during the period. Tocqueville Asset Management L.P. raised its position in United Parcel Service by 880.2% during the first quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company’s stock valued at $3,304,000 after purchasing an additional 19,964 shares in the last quarter. M&G Plc purchased a new stake in United Parcel Service in the first quarter worth approximately $9,766,000. Mizuho Markets Americas LLC purchased a new position in United Parcel Service in the 1st quarter worth $395,000. Finally, Pinkerton Retirement Specialists LLC increased its holdings in shares of United Parcel Service by 62.5% in the first quarter. Pinkerton Retirement Specialists LLC now owns 24,823 shares of the transportation company’s stock worth $3,689,000 after buying an additional 9,545 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

NYSE:UPS traded up $0.34 during trading hours on Friday, hitting $132.98. 485,998 shares of the stock were exchanged, compared to its average volume of 4,156,557. 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 firm’s fifty day moving average price is $132.37 and its 200 day moving average price is $134.86. The company has a market cap of $113.91 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.19 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Stephens lowered their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI increased their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective 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 company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

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.