Wealth Management Solutions LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 5.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,518 shares of the transportation company’s stock after selling 153 shares during the period. Wealth Management Solutions LLC’s holdings in United Parcel Service were worth $407,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coston McIsaac & Partners bought a new position in United Parcel Service in the 2nd quarter valued at about $26,000. Worth Asset Management LLC bought a new position in United Parcel Service in the 1st quarter valued at about $27,000. Winch Advisory Services LLC grew its position in United Parcel Service by 334.1% in the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock valued at $33,000 after buying an additional 137 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at about $36,000. Finally, WFA of San Diego LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at about $42,000. Institutional investors own 58.92% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on UPS shares. Stifel Nicolaus cut their price target on shares of United Parcel Service from $227.00 to $207.00 in a report on Tuesday, October 25th. Morgan Stanley cut their price target on shares of United Parcel Service from $148.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, October 3rd. UBS Group upped their price target on shares of United Parcel Service from $182.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 26th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Citigroup reduced their price objective on shares of United Parcel Service from $210.00 to $205.00 in a research note on Wednesday, October 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $200.41.
United Parcel Service Trading Down 0.3 %
United Parcel Service (NYSE:UPS – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The transportation company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. United Parcel Service had a return on equity of 71.90% and a net margin of 11.07%. The firm had revenue of $24.16 billion for the quarter, compared to the consensus estimate of $24.34 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 12.91 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Monday, November 14th were issued a $1.52 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $6.08 dividend on an annualized basis and a yield of 3.38%. United Parcel Service’s dividend payout ratio is currently 47.65%.
United Parcel Service Profile
United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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