L. Roy Papp & Associates LLP Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

L. Roy Papp & Associates LLP reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,941 shares of the transportation company’s stock after selling 837 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in United Parcel Service were worth $2,446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UPS. 180 Wealth Advisors LLC lifted its stake in shares of United Parcel Service by 8.3% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $246,000 after purchasing an additional 127 shares during the last quarter. Vicus Capital purchased a new stake in United Parcel Service in the first quarter valued at about $461,000. Founders Financial Securities LLC raised its stake in United Parcel Service by 3.9% in the first quarter. Founders Financial Securities LLC now owns 7,297 shares of the transportation company’s stock valued at $1,085,000 after buying an additional 271 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in United Parcel Service by 25.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,122 shares of the transportation company’s stock valued at $464,000 after buying an additional 635 shares during the last quarter. Finally, Trilogy Capital Inc. raised its stake in United Parcel Service by 9.3% in the first quarter. Trilogy Capital Inc. now owns 18,170 shares of the transportation company’s stock valued at $2,701,000 after buying an additional 1,551 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on UPS. Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday. Stifel Nicolaus increased their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday. Citigroup began coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Finally, TD Cowen assumed coverage on 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, nine have given 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 has an average rating of “Moderate Buy” and an average target price of $151.43.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.92 during trading hours on Friday, reaching $137.43. The company had a trading volume of 4,916,651 shares, compared to its average volume of 4,221,229. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market cap of $117.72 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The business’s 50 day moving average price is $130.89 and its 200-day moving average price is $135.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

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.