United Parcel Service, Inc. (NYSE:UPS) Stock Position Trimmed by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 4.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,914 shares of the transportation company’s stock after selling 148 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in United Parcel Service were worth $454,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp increased its stake in shares of 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 purchasing an additional 357,974 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 4.1% during 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 acquiring an additional 628,944 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $2,430,504,000 after acquiring an additional 388,258 shares in the last quarter. Northern Trust Corp lifted 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 last quarter. Finally, Franklin Resources Inc. grew its holdings in United Parcel Service by 23.2% during the second quarter. Franklin Resources Inc. now owns 7,740,369 shares of the transportation company’s stock valued at $1,387,461,000 after purchasing an additional 1,457,070 shares during the last quarter. 58.45% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.8 %

Shares of UPS opened at $147.46 on Tuesday. The stock’s fifty day simple moving average is $155.31 and its 200-day simple moving average is $157.22. 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 firm has a market capitalization of $125.63 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80.

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

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Tuesday, February 20th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. United Parcel Service’s dividend payout ratio is presently 83.18%.

Insiders Place Their Bets

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was bought 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 directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on UPS shares. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, December 21st. Barclays decreased their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, Raymond James dropped their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.29.

Check Out Our Latest Analysis on UPS

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

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

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