Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Position in United Parcel Service, Inc. (NYSE:UPS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,631 shares of the transportation company’s stock after selling 119 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in United Parcel Service were worth $641,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blackston Financial Advisory Group LLC lifted its stake in 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 worth $694,000 after purchasing an additional 69 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in 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 worth $1,269,000 after buying an additional 73 shares during the period. Legacy Wealth Asset Management LLC increased its position in 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 worth $519,000 after buying an additional 73 shares during the period. Gleason Group Inc. increased its position in United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after buying an additional 77 shares during the period. Finally, Rogco LP increased its position in United Parcel Service by 1.9% during the first quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock worth $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 Stock Down 0.4 %

United Parcel Service stock opened at $133.79 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The firm has a market capitalization of $114.60 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock’s fifty day moving average is $131.24 and its two-hundred day moving average is $135.72.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.41 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is currently 98.49%.

Analyst Ratings Changes

UPS has been the topic of several research analyst reports. Robert W. Baird cut their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI lifted their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

About United Parcel Service

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.