Buck Wealth Strategies LLC Sells 1,496 Shares of United Parcel Service, Inc. (NYSE:UPS)

Buck Wealth Strategies LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 33.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,974 shares of the transportation company’s stock after selling 1,496 shares during the quarter. Buck Wealth Strategies LLC’s holdings in United Parcel Service were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. TruNorth Capital Management LLC purchased a new position in United Parcel Service in the 2nd quarter worth approximately $28,000. Riverview Trust Co purchased a new position in United Parcel Service in the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its stake in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 1.1 %

Shares of NYSE:UPS opened at $130.17 on Wednesday. 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, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a 50-day moving average price of $132.12 and a 200 day moving average price of $135.01. The company has a market cap of $111.50 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.16 and a beta of 0.99.

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

United Parcel Service Dividend Announcement

The business also recently declared 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. This represents a $6.52 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UPS. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Stephens cut their price objective on shares of 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 reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service 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.