Winthrop Advisory Group LLC Sells 545 Shares of United Parcel Service, Inc. (NYSE:UPS)

Winthrop Advisory Group LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,641 shares of the transportation company’s stock after selling 545 shares during the quarter. Winthrop Advisory Group LLC’s holdings in United Parcel Service were worth $633,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service in the second quarter worth $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service in the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC boosted its position in shares of 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 acquiring an additional 175 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.2 %

Shares of United Parcel Service stock opened at $134.17 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.25 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 has a market cap of $114.93 billion, a P/E ratio of 20.27, a PEG ratio of 2.20 and a beta of 0.99. The company’s fifty day simple moving average is $131.83 and its two-hundred day simple moving average is $135.39.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UPS. Evercore ISI boosted their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reduced their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.