Borer Denton & Associates Inc. Decreases Position in United Parcel Service, Inc. (NYSE:UPS)

Borer Denton & Associates Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.7% during the third quarter, HoldingsChannel reports. The fund owned 37,165 shares of the transportation company’s stock after selling 1,835 shares during the quarter. United Parcel Service accounts for approximately 1.7% of Borer Denton & Associates Inc.’s investment portfolio, making the stock its 20th largest holding. Borer Denton & Associates Inc.’s holdings in United Parcel Service were worth $5,067,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the period. International Assets Investment Management LLC grew its stake in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after purchasing an additional 20,426 shares during the period. American Century Companies Inc. boosted its holdings in shares of United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after acquiring an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after buying an additional 101,349 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 2.6 %

Shares of UPS opened at $134.82 on Friday. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a market cap of $115.05 billion, a PE ratio of 20.37, a PEG ratio of 2.16 and a beta of 0.99. The stock has a 50 day simple moving average of $132.98 and a 200-day simple moving average of $134.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. United Parcel Service’s dividend payout ratio is 98.49%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Two investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.