Baltimore Washington Financial Advisors Inc. Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Baltimore Washington Financial Advisors Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,068 shares of the transportation company’s stock after selling 393 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in United Parcel Service were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Swedbank AB raised its stake in United Parcel Service by 2.8% during the third quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock valued at $38,245,000 after purchasing an additional 7,675 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in United Parcel Service by 97.8% during the third quarter. Kingsview Wealth Management LLC now owns 39,981 shares of the transportation company’s stock valued at $5,451,000 after purchasing an additional 19,772 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in United Parcel Service during the third quarter valued at $1,316,000. Nwam LLC purchased a new stake in United Parcel Service during the third quarter valued at $22,915,000. Finally, Icon Wealth Advisors LLC raised its stake in United Parcel Service by 356.6% during the third quarter. Icon Wealth Advisors LLC now owns 37,100 shares of the transportation company’s stock valued at $5,058,000 after purchasing an additional 28,975 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.6 %

NYSE UPS opened at $134.82 on Friday. 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 12 month low of $123.12 and a 12 month high of $163.82. The company’s 50-day moving average price is $132.98 and its 200-day moving average price is $134.20. The stock has a market cap of $115.05 billion, a PE ratio of 20.37, a PEG ratio of 2.16 and a beta of 0.99.

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, topping the consensus estimate 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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.84%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UPS shares. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Stifel Nicolaus increased their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.