Federated Hermes Inc. Sells 1,183,314 Shares of United Parcel Service, Inc. $UPS

Federated Hermes Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 99.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,842 shares of the transportation company’s stock after selling 1,183,314 shares during the quarter. Federated Hermes Inc.’s holdings in United Parcel Service were worth $154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Wealth Group LLC raised its position in United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares during the last quarter. CFS Investment Advisory Services LLC raised its stake in shares of United Parcel Service by 2.6% during the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after buying an additional 108 shares during the last quarter. Wealth Advisory Solutions LLC lifted its stake in shares of United Parcel Service by 2.3% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 118 shares during the period. Westside Investment Management Inc. boosted its holdings in United Parcel Service by 14.8% during the second quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock worth $97,000 after buying an additional 124 shares during the last quarter. Finally, Country Trust Bank grew its holdings in United Parcel Service by 4.8% during the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 125 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on UPS shares. Stephens raised their price objective on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Friday, January 9th. BMO Capital Markets lifted their target price on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.67.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 0.5%

NYSE:UPS opened at $117.92 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of $104.17 and a two-hundred day simple moving average of $94.12. The stock has a market capitalization of $100.04 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.86 and a beta of 1.10. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the firm posted $2.75 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.