United Parcel Service, Inc. (UPS) Shares Sold by ProVise Management Group LLC
ProVise Management Group LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,796 shares of the transportation company’s stock after selling 1,218 shares during the period. ProVise Management Group LLC’s holdings in United Parcel Service were worth $3,012,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of UPS. Legacy Financial Advisors Inc. purchased a new position in shares of United Parcel Service during the 2nd quarter worth approximately $111,000. Moneta Group Investment Advisors LLC grew its holdings in shares of United Parcel Service by 118.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares during the period. Signature Wealth Management Group purchased a new position in shares of United Parcel Service during the 2nd quarter worth approximately $118,000. Advisors Preferred LLC grew its holdings in shares of United Parcel Service by 845.8% during the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after acquiring an additional 1,015 shares during the period. Finally, Psagot Investment House Ltd. purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $121,000. Hedge funds and other institutional investors own 53.65% of the company’s stock.
UPS has been the topic of a number of research analyst reports. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the stock a “buy” rating in a report on Monday, September 10th. Citigroup downgraded United Parcel Service from a “buy” rating to a “neutral” rating in a report on Friday, November 2nd. Bank of America downgraded United Parcel Service from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price on the stock in a report on Monday, October 1st. Finally, Morgan Stanley upped their target price on United Parcel Service from $90.00 to $92.00 and gave the stock an “underweight” rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $125.66.
United Parcel Service stock opened at $109.51 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.43. The company has a market capitalization of $95.61 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.66 and a beta of 1.14. United Parcel Service, Inc. has a twelve month low of $101.45 and a twelve month high of $135.53.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.32%. United Parcel Service’s payout ratio is currently 60.57%.
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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