IVC Wealth Advisors LLC Has $222,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

IVC Wealth Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 45.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,629 shares of the transportation company’s stock after selling 1,379 shares during the quarter. IVC Wealth Advisors LLC’s holdings in United Parcel Service were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC grew its holdings in shares of 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 buying an additional 175 shares during the period. Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its stake in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

NYSE:UPS opened at $137.43 on Monday. The stock has a market capitalization of $117.72 billion, a PE ratio of 20.76, a P/E/G ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a fifty day simple moving average of $130.89 and a 200 day simple moving average of $135.90. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.41 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service’s dividend payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UPS shares. BMO Capital Markets decreased their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Citigroup assumed coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Bank of America upped their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday. Finally, Evercore ISI raised their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.43.

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.