Segment Wealth Management LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,801 shares of the transportation company’s stock after selling 819 shares during the quarter. Segment Wealth Management LLC’s holdings in United Parcel Service were worth $2,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. First PREMIER Bank raised its holdings in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in United Parcel Service in the 1st quarter valued at approximately $126,000. Winslow Evans & Crocker Inc. raised its holdings in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in United Parcel Service by 14.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares during the last quarter. Finally, Security National Trust Co. raised its holdings in United Parcel Service by 3.9% in the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares during the last quarter. 53.67% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. Oppenheimer reiterated a “buy” rating and issued a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Sunday, October 1st. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $135.00 in a report on Monday, December 4th. Finally, BMO Capital Markets raised their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. United Parcel Service has an average rating of “Hold” and an average target price of $121.45.

United Parcel Service, Inc. (NYSE UPS) traded up $0.24 during trading hours on Thursday, reaching $118.40. 2,738,400 shares of the company’s stock were exchanged, compared to its average volume of 2,722,843. The firm has a market cap of $101,837.87, a P/E ratio of 19.76, a PEG ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $125.16.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. research analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/12/14/united-parcel-service-inc-ups-position-trimmed-by-segment-wealth-management-llc.html.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.