Donaldson Capital Management LLC Sells 77,881 Shares of United Parcel Service, Inc. (NYSE:UPS)

Donaldson Capital Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 26.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 221,759 shares of the transportation company’s stock after selling 77,881 shares during the period. Donaldson Capital Management LLC’s holdings in United Parcel Service were worth $30,235,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co bought a new position in United Parcel Service during the second quarter valued at $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC grew its holdings in 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 purchasing an additional 155 shares during the period. Finally, PSI Advisors LLC grew its holdings in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UPS shares. Wells Fargo & Company increased their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird cut their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. 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 for the company. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Trading Down 0.0 %

NYSE UPS opened at $134.05 on Monday. The stock’s 50-day simple moving average is $131.51 and its two-hundred day simple moving average is $135.53. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $114.82 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.