Osher Van de Voorde Investment Management increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,834 shares of the transportation company’s stock after purchasing an additional 500 shares during the period. United Parcel Service makes up 3.5% of Osher Van de Voorde Investment Management’s investment portfolio, making the stock its 22nd biggest holding. Osher Van de Voorde Investment Management’s holdings in United Parcel Service were worth $8,607,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its holdings in shares of 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 period. Kavar Capital Partners LLC bought a new stake in United Parcel Service in the 2nd quarter valued at about $38,000. NumerixS Investment Technologies Inc bought a new stake in United Parcel Service in the 2nd quarter valued at about $38,000. Earnest Partners LLC bought a new stake in United Parcel Service in the 2nd quarter valued at about $40,000. Finally, Orrstown Financial Services Inc. boosted its holdings in 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 period. Hedge funds and other institutional investors own 55.30% of the company’s stock.
A number of analysts have issued reports on the stock. Wells Fargo & Co assumed coverage on shares of United Parcel Service in a report on Monday, October 28th. They issued an “outperform” rating and a $138.00 price objective for the company. UBS Group set a $136.00 price objective on shares of United Parcel Service and gave the company a “buy” rating in a report on Friday, November 1st. GMP Securities upgraded shares of United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Finally, Raymond James boosted their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $121.99.
In related news, COO James J. Barber sold 1,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $116.43, for a total transaction of $174,645.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.
UPS stock traded up $1.54 during trading on Thursday, reaching $123.49. 3,017,449 shares of the company were exchanged, compared to its average volume of 3,233,411. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $124.66. The company has a 50-day moving average of $117.64 and a two-hundred day moving average of $110.19. The company has a market capitalization of $105.64 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.87 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.01. The firm had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.11%. United Parcel Service’s dividend payout ratio is presently 53.04%.
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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