Wrapmanager Inc. Decreases Position in United Parcel Service, Inc. (NYSE:UPS)

Wrapmanager Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 38.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,077 shares of the transportation company’s stock after selling 1,946 shares during the quarter. Wrapmanager Inc.’s holdings in United Parcel Service were worth $420,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blackston Financial Advisory Group LLC grew its holdings in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after acquiring an additional 69 shares during the last quarter. Cigna Investments Inc. New grew its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 75 shares during the last quarter. Gleason Group Inc. grew its holdings in shares of United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after acquiring an additional 77 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its holdings in shares of United Parcel Service by 0.5% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 79 shares during the last quarter. Finally, Horan Capital Advisors LLC. boosted its position in shares of United Parcel Service by 0.4% in the second quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock worth $3,152,000 after buying an additional 83 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UPS. Stephens decreased their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Evercore ISI raised their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. UBS Group raised their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Up 2.0 %

NYSE UPS opened at $135.13 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock’s 50 day moving average is $132.63 and its two-hundred day moving average is $134.51. The company has a market capitalization of $115.32 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company 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 period in the previous year, the business earned $1.57 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is currently 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.