Venturi Wealth Management LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 87.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,800 shares of the transportation company's stock after selling 46,473 shares during the period. Venturi Wealth Management LLC's holdings in United Parcel Service were worth $1,060,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. RB Capital Management LLC boosted its stake in shares of United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company's stock valued at $577,000 after acquiring an additional 81 shares during the last quarter. Ergoteles LLC acquired a new stake in United Parcel Service in the 1st quarter worth about $1,162,000. Halbert Hargrove Global Advisors LLC boosted its stake in United Parcel Service by 10.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company's stock worth $264,000 after buying an additional 112 shares during the last quarter. First Western Trust Bank acquired a new stake in United Parcel Service in the 1st quarter worth about $515,000. Finally, Stevens Capital Management LP acquired a new stake in United Parcel Service in the 1st quarter worth about $701,000. Institutional investors and hedge funds own 58.45% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Barclays decreased their price target on United Parcel Service from $180.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 28th. Stifel Nicolaus raised their price objective on United Parcel Service from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Raymond James raised their price objective on United Parcel Service from $170.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Tuesday. StockNews.com started coverage on United Parcel Service in a report on Thursday, October 5th. They issued a "hold" rating on the stock. Finally, Daiwa Capital Markets downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and set a $155.00 price objective on the stock. in a report on Tuesday, December 26th. Seventeen analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $185.26.
Get Our Latest Stock Analysis on UPS
United Parcel Service Price Performance
Shares of UPS opened at $156.89 on Friday. The firm has a market cap of $133.66 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.67 and a beta of 1.05. The stock has a 50 day moving average of $155.19 and a 200-day moving average of $161.43. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.53 by $0.04. The company had revenue of $21.06 billion during the quarter, compared to analyst estimates of $21.40 billion. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The business's revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.99 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 8.77 EPS for the current year.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 13th were given a $1.62 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $6.48 annualized dividend and a dividend yield of 4.13%. United Parcel Service's payout ratio is 65.59%.
United Parcel Service Company Profile
(
Free Report)
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider United Parcel Service, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Parcel Service wasn't on the list.
While United Parcel Service currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
