Noble Family Wealth LLC Has $958,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Noble Family Wealth LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,030 shares of the transportation company’s stock after selling 245 shares during the quarter. Noble Family Wealth LLC’s holdings in United Parcel Service were worth $958,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UPS. Reynders McVeigh Capital Management LLC grew its holdings in United Parcel Service by 14.2% during the 1st quarter. Reynders McVeigh Capital Management LLC now owns 2,707 shares of the transportation company’s stock worth $403,000 after acquiring an additional 336 shares during the period. Atomi Financial Group Inc. increased its holdings in United Parcel Service by 168.3% in the first quarter. Atomi Financial Group Inc. now owns 4,411 shares of the transportation company’s stock valued at $656,000 after purchasing an additional 2,767 shares during the last quarter. Choate Investment Advisors lifted its stake in United Parcel Service by 11.2% in the first quarter. Choate Investment Advisors now owns 5,894 shares of the transportation company’s stock valued at $876,000 after buying an additional 592 shares during the period. Capital Square LLC boosted its holdings in United Parcel Service by 11.1% during the first quarter. Capital Square LLC now owns 5,557 shares of the transportation company’s stock worth $826,000 after buying an additional 556 shares during the last quarter. Finally, Verus Capital Partners LLC grew its position in shares of United Parcel Service by 6.4% during the 1st quarter. Verus Capital Partners LLC now owns 2,705 shares of the transportation company’s stock worth $402,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UPS. UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Citigroup initiated coverage on United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Finally, Bank of America boosted their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Performance

United Parcel Service stock traded down $1.71 during mid-day trading on Friday, hitting $132.44. 3,111,704 shares of the company’s stock traded hands, compared to its average volume of 3,797,139. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a market cap of $113.45 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.17 and a beta of 0.99. The firm has a 50 day simple moving average of $132.06 and a two-hundred day simple moving average of $135.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25.

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

United Parcel Service Announces Dividend

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

United Parcel Service Company 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.