Arbor Wealth Management LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,376 shares of the transportation company’s stock after selling 7,622 shares during the period. United Parcel Service comprises 2.5% of Arbor Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Arbor Wealth Management LLC’s holdings in United Parcel Service were worth $4,958,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Centric Wealth Management raised its position in United Parcel Service by 27.3% in the 3rd quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock valued at $48,632,000 after purchasing an additional 90,572 shares during the last quarter. Cypress Capital Management LLC purchased a new position in United Parcel Service during the 2nd quarter worth $7,798,000. Nomura Asset Management Co. Ltd. raised its position in United Parcel Service by 7.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock worth $21,459,000 after buying an additional 13,743 shares during the last quarter. Bank of Nova Scotia raised its position in United Parcel Service by 9.8% during the 2nd quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock worth $14,653,000 after buying an additional 13,206 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in United Parcel Service by 15.8% during the 2nd quarter. Fisher Asset Management LLC now owns 49,269 shares of the transportation company’s stock worth $5,088,000 after buying an additional 6,715 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.
A number of equities analysts have recently issued reports on UPS shares. Credit Suisse Group cut their price target on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Monday, August 26th. JPMorgan Chase & Co. set a $135.00 price target on shares of United Parcel Service and gave the company a “neutral” rating in a report on Friday, October 4th. GMP Securities upgraded shares of United Parcel Service to a “reduce” rating in a report on Monday, October 28th. Finally, UBS Group set a $136.00 price objective on shares of United Parcel Service and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $121.99.
NYSE UPS traded down $0.46 during mid-day trading on Wednesday, hitting $116.47. The company’s stock had a trading volume of 2,202,157 shares, compared to its average volume of 3,149,419. The firm has a market capitalization of $102.71 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. The stock’s fifty day simple moving average is $119.45 and its two-hundred day simple moving average is $112.25. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.31. 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 posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.01. The company had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, November 15th. United Parcel Service’s payout ratio is currently 53.04%.
In other news, COO James J. Barber sold 1,500 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.
United Parcel Service Company 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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