Edgar Lomax Co. VA lowered its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,425 shares of the transportation company’s stock after selling 3,385 shares during the quarter. Edgar Lomax Co. VA’s holdings in United Parcel Service were worth $21,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in United Parcel Service by 27.3% in the first quarter. Avantax Advisory Services Inc. now owns 82,326 shares of the transportation company’s stock worth $9,055,000 after purchasing an additional 17,644 shares during the last quarter. Cetera Investment Advisers boosted its holdings in United Parcel Service by 25.4% in the first quarter. Cetera Investment Advisers now owns 349,372 shares of the transportation company’s stock worth $38,427,000 after purchasing an additional 70,691 shares during the last quarter. Equitable Trust Co. grew its position in United Parcel Service by 27.0% in the 1st quarter. Equitable Trust Co. now owns 6,262 shares of the transportation company’s stock worth $689,000 after purchasing an additional 1,330 shares during the period. Finally, HB Wealth Management LLC raised its stake in United Parcel Service by 10.1% during the 1st quarter. HB Wealth Management LLC now owns 43,075 shares of the transportation company’s stock valued at $4,738,000 after buying an additional 3,969 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Stock Up 4.0%
NYSE UPS opened at $94.54 on Monday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $80.21 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The stock’s 50-day moving average price is $88.78 and its 200-day moving average price is $92.80.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. United Parcel Service’s payout ratio is 101.39%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on UPS shares. Barclays dropped their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. Bank of America lowered their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Stephens upgraded United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Wells Fargo & Company raised their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.00.
Get Our Latest Stock Report on UPS
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.
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