United Parcel Service, Inc. (UPS) Position Lowered by Wilkins Investment Counsel Inc.
Wilkins Investment Counsel Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 66,875 shares of the transportation company’s stock after selling 1,000 shares during the quarter. United Parcel Service comprises approximately 2.3% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 19th largest holding. Wilkins Investment Counsel Inc.’s holdings in United Parcel Service were worth $7,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the stock. Parnassus Investments CA boosted its position in shares of United Parcel Service by 0.8% during the second quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock valued at $726,586,000 after buying an additional 56,443 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in United Parcel Service by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock worth $457,788,000 after purchasing an additional 121,264 shares during the last quarter. Vulcan Value Partners LLC purchased a new position in United Parcel Service in the second quarter worth about $308,056,000. FineMark National Bank & Trust boosted its position in United Parcel Service by 6.2% in the second quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock worth $301,769,000 after purchasing an additional 165,571 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in United Parcel Service by 1.9% in the third quarter. Janus Henderson Group PLC now owns 2,372,438 shares of the transportation company’s stock worth $276,983,000 after purchasing an additional 44,222 shares during the last quarter. 53.74% of the stock is currently owned by institutional investors.
UPS has been the topic of several research reports. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, August 3rd. Loop Capital raised their target price on United Parcel Service to $145.00 and gave the stock a “positive” rating in a research report on Friday, September 14th. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. KeyCorp initiated coverage on United Parcel Service in a research report on Thursday, September 27th. They issued a “sector weight” rating on the stock. They noted that the move was a valuation call. Finally, Raymond James raised United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 target price on the stock in a research report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $125.66.
NYSE UPS opened at $111.29 on Tuesday. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52 week low of $101.45 and a 52 week high of $135.53. The stock has a market capitalization of $94.59 billion, a PE ratio of 18.52, a P/E/G ratio of 1.65 and a beta of 1.14.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. During the same quarter last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, November 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
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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.
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