Walter & Keenan Wealth Management LLC IN ADV Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Walter & Keenan Wealth Management LLC IN ADV decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,319 shares of the transportation company’s stock after selling 372 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in United Parcel Service were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UPS. Blackston Financial Advisory Group LLC increased its position in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after buying an additional 73 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after buying an additional 73 shares during the period. Gleason Group Inc. increased its position in shares of United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after buying an additional 77 shares during the period. Finally, Rogco LP increased its position in shares of United Parcel Service by 1.9% during the first quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock valued at $625,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $134.31 on Wednesday. The firm has a 50-day moving average price of $131.12 and a 200-day moving average price of $135.73. The firm has a market capitalization of $115.05 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 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.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for 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 revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.41 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday. Evercore ISI boosted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. UBS Group boosted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company upped their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.71.

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.