Pettyjohn Wood & White Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,463 shares of the transportation company’s stock after selling 100 shares during the period. Pettyjohn Wood & White Inc.’s holdings in United Parcel Service were worth $894,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares during the last quarter. Kavar Capital Partners LLC acquired a new position in United Parcel Service in the 2nd quarter valued at about $38,000. NumerixS Investment Technologies Inc acquired a new position in United Parcel Service in the 2nd quarter valued at about $38,000. Earnest Partners LLC acquired a new position in United Parcel Service in the 2nd quarter valued at about $40,000. Finally, Orrstown Financial Services Inc. increased its position in United Parcel Service by 41.7% in the 2nd quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 125 shares during the period. 55.30% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on UPS. Credit Suisse Group dropped their price target on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Raymond James boosted their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. GMP Securities upgraded United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.99.
NYSE UPS traded up $0.81 on Friday, hitting $124.30. 2,310,715 shares of the company’s stock were exchanged, compared to its average volume of 3,229,216. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average price is $117.64 and its two-hundred day moving average price is $110.19. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.31. The firm has a market cap of $104.24 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.84 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The company had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $18.35 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.09%. United Parcel Service’s payout ratio is 53.04%.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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