Boston Private Wealth LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,762 shares of the transportation company’s stock after selling 947 shares during the quarter. Boston Private Wealth LLC’s holdings in United Parcel Service were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of United Parcel Service by 25.7% during the 3rd quarter. Parallel Advisors LLC now owns 6,054 shares of the transportation company’s stock worth $725,000 after purchasing an additional 1,239 shares during the period. Kanawha Capital Management LLC lifted its stake in shares of United Parcel Service by 3.2% during the 3rd quarter. Kanawha Capital Management LLC now owns 4,490 shares of the transportation company’s stock worth $538,000 after purchasing an additional 140 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of United Parcel Service by 17.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 15,404 shares of the transportation company’s stock worth $1,846,000 after purchasing an additional 2,284 shares during the period. Glassman Wealth Services lifted its stake in shares of United Parcel Service by 22.5% during the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock worth $60,000 after purchasing an additional 92 shares during the period. Finally, Creative Planning lifted its stake in shares of United Parcel Service by 4.7% during the 3rd quarter. Creative Planning now owns 183,110 shares of the transportation company’s stock worth $21,940,000 after purchasing an additional 8,298 shares during the period. 55.30% of the stock is currently owned by institutional investors.

Shares of UPS opened at $124.30 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $104.24 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. The stock’s fifty day simple moving average is $117.75 and its 200 day simple moving average is $110.24. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.31.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.01. The business had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, November 15th. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.

In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

A number of brokerages have weighed in on UPS. Barclays reissued a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Wednesday, October 23rd. Loop Capital set a $140.00 price target on United Parcel Service and gave the stock a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the stock a “neutral” rating in a research note on Friday, October 4th. Wells Fargo & Co began coverage on United Parcel Service in a research report on Monday, October 28th. They issued an “outperform” rating and a $138.00 target price on the stock. Finally, UBS Group set a $136.00 target price on United Parcel Service and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $121.99.

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.

See Also: Buy-Side Analysts

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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