Wealth Quarterback LLC Sells 3,170 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wealth Quarterback LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 54.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,601 shares of the transportation company’s stock after selling 3,170 shares during the period. Wealth Quarterback LLC’s holdings in United Parcel Service were worth $355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC grew 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 period. Cigna Investments Inc. New grew its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares during the period. Gleason Group Inc. increased its stake in shares of United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 77 shares in the last quarter. Rogco LP lifted its position in shares of United Parcel Service by 1.9% during the 1st quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock valued at $625,000 after acquiring an additional 78 shares during the period. Finally, Nicholas Hoffman & Company LLC. boosted its stake in United Parcel Service by 0.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 79 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stephens dropped their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Susquehanna upped their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Citigroup initiated coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Down 1.2 %

Shares of United Parcel Service stock opened at $132.49 on Friday. The stock has a fifty day moving average price of $132.06 and a 200-day moving average price of $135.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The firm has a market cap of $113.49 billion, a PE ratio of 20.01, a P/E/G ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s payout ratio is 98.49%.

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.