Wealth Quarterback LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Wealth Quarterback LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 54.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,601 shares of the transportation company’s stock after selling 3,170 shares during the quarter. Wealth Quarterback LLC’s holdings in United Parcel Service were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter worth $28,000. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the period. Finally, PSI Advisors LLC lifted its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on UPS shares. Oppenheimer boosted their price objective 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. Evercore ISI boosted their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Susquehanna boosted their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, TD Cowen began coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Price Performance

UPS opened at $132.49 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The stock has a market capitalization of $113.49 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The stock’s 50 day moving average price is $132.06 and its 200-day moving average price is $135.29. 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 issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion during 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%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

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.