Bartlett & CO. Wealth Management LLC Sells 5,159 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bartlett & CO. Wealth Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,395 shares of the transportation company’s stock after selling 5,159 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in United Parcel Service were worth $9,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NovaPoint Capital LLC increased its position in shares of United Parcel Service by 9.8% in the third quarter. NovaPoint Capital LLC now owns 1,674 shares of the transportation company’s stock worth $228,000 after purchasing an additional 150 shares during the period. First Citizens Bank & Trust Co. increased its holdings in United Parcel Service by 4.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 8,062 shares of the transportation company’s stock valued at $1,099,000 after buying an additional 346 shares during the period. Blue Trust Inc. increased its holdings in United Parcel Service by 23.2% in the 3rd quarter. Blue Trust Inc. now owns 8,761 shares of the transportation company’s stock valued at $1,199,000 after buying an additional 1,652 shares during the period. KMG Fiduciary Partners LLC raised its position in shares of United Parcel Service by 77.0% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 46,434 shares of the transportation company’s stock valued at $6,331,000 after buying an additional 20,193 shares in the last quarter. Finally, Net Worth Advisory Group bought a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $612,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $135.93 on Friday. The firm has a market capitalization of $116.43 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s 50-day simple moving average is $130.21 and its two-hundred day simple moving average is $136.66. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the firm earned $2.54 EPS. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 106.36%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stephens decreased their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Barclays reduced their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Evercore ISI lowered their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Susquehanna lowered their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, BMO Capital Markets lowered their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

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.