Harrington Investments INC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,125 shares of the transportation company’s stock after selling 820 shares during the quarter. United Parcel Service accounts for about 1.6% of Harrington Investments INC’s investment portfolio, making the stock its 26th biggest position. Harrington Investments INC’s holdings in United Parcel Service were worth $1,932,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC increased its stake in United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the period. Kavar Capital Partners LLC acquired a new position in United Parcel Service in the second quarter valued at about $38,000. NumerixS Investment Technologies Inc acquired a new position in United Parcel Service in the second quarter valued at about $38,000. Earnest Partners LLC acquired a new position in United Parcel Service in the second quarter valued at about $40,000. Finally, Orrstown Financial Services Inc. boosted its position in United Parcel Service by 41.7% in the second quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after buying an additional 125 shares in the last quarter. 55.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of UPS stock traded down $1.22 during trading hours on Monday, reaching $123.08. 1,032,011 shares of the company were exchanged, compared to its average volume of 3,229,216. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.31. The stock’s fifty day moving average is $117.75 and its two-hundred day moving average is $110.24. The company has a market cap of $104.24 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.84 and a beta of 1.22. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11.
United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The company had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. During the same period in the prior year, the business earned $1.82 earnings per share. United Parcel Service’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.12%. United Parcel Service’s payout ratio is 53.04%.
UPS has been the topic of a number of recent analyst reports. Credit Suisse Group reduced their price target on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Bank of America boosted their price target on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, September 9th. GMP Securities upgraded shares of United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. set a $135.00 price target on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Friday, October 4th. Finally, Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $121.99.
In other news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $116.43, for a total transaction of $174,645.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.
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