Papp L Roy & Associates lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,891 shares of the transportation company’s stock after selling 1,364 shares during the period. Papp L Roy & Associates’ holdings in United Parcel Service were worth $4,660,000 as of its most recent SEC filing.
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A number of other large investors have also recently modified their holdings of the stock. Capital Advisors Ltd. LLC grew its stake in United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares during the last quarter. Kavar Capital Partners LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $38,000. NumerixS Investment Technologies Inc purchased a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $38,000. Earnest Partners LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $40,000. Finally, Orrstown Financial Services Inc. grew its stake in shares of United Parcel Service by 41.7% in the 2nd quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 125 shares during the last quarter. 54.69% of the stock is owned by institutional investors.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by insiders.
Shares of NYSE UPS traded up $0.61 during trading on Friday, reaching $123.73. The company had a trading volume of 1,778,602 shares, compared to its average volume of 3,009,708. The stock has a market capitalization of $105.53 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.31. The stock has a 50-day moving average price of $118.21 and a two-hundred day moving average price of $110.63.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.01. The business had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, November 15th. United Parcel Service’s dividend payout ratio is currently 53.04%.
Several research analysts have weighed in on the company. Berenberg Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the company a “neutral” rating in a research note on Friday, October 4th. UBS Group set a $136.00 price target on United Parcel Service and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James lifted their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $121.99.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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