Valley Wealth Managers Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Valley Wealth Managers Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,490 shares of the transportation company’s stock after selling 415 shares during the period. Valley Wealth Managers Inc.’s holdings in United Parcel Service were worth $3,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after buying an additional 357,974 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after buying an additional 628,944 shares during the period. Geode Capital Management LLC raised its holdings in United Parcel Service by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 13,590,985 shares of the transportation company’s stock worth $2,430,504,000 after purchasing an additional 388,258 shares during the period. Northern Trust Corp raised its holdings in United Parcel Service by 0.6% in the 1st quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after purchasing an additional 54,401 shares during the period. Finally, Franklin Resources Inc. raised its holdings in United Parcel Service by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 7,740,369 shares of the transportation company’s stock worth $1,387,461,000 after purchasing an additional 1,457,070 shares during the period. 58.45% of the stock is owned by institutional investors.

United Parcel Service Price Performance

NYSE:UPS traded up $0.87 on Monday, reaching $147.13. The stock had a trading volume of 543,124 shares, compared to its average volume of 4,358,856. The company has a market capitalization of $125.34 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80. The company has a quick ratio of 1.22, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average price of $155.48 and a 200-day moving average price of $157.49.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.62 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 8.31 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Tuesday, February 20th will be issued a dividend of $1.63 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date is Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.43%. United Parcel Service’s dividend payout ratio is presently 83.18%.

Analyst Ratings Changes

Several research firms recently commented on UPS. JPMorgan Chase & Co. cut their price target on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, December 21st. Raymond James lowered their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Daiwa Capital Markets lowered United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a research report on Tuesday, December 26th. Finally, Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $177.29.

Check Out Our Latest Report on United Parcel Service

Insider Buying and Selling

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

United Parcel Service Profile

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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