United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 344,609 shares of the transportation company’s stock after selling 6,709 shares during the quarter. Glenmede Trust Co. NA’s holdings in United Parcel Service were worth $46,984,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service in the second quarter valued at $28,000. Riverview Trust Co acquired a new position in United Parcel Service in the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC lifted its holdings in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UPS shares. Susquehanna boosted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. TD Cowen began coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Performance

United Parcel Service stock opened at $134.96 on Wednesday. The firm has a market capitalization of $115.17 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The stock’s 50 day moving average price is $133.24 and its 200 day moving average price is $133.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced 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. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.