United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,836 shares of the transportation company’s stock after selling 1,187 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in United Parcel Service were worth $1,068,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Holistic Planning LLC increased its position in shares of United Parcel Service by 9.2% during the third quarter. Holistic Planning LLC now owns 2,162 shares of the transportation company’s stock worth $295,000 after purchasing an additional 183 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $3,521,000. Equitable Trust Co. raised its position in shares of United Parcel Service by 5.9% during the 3rd quarter. Equitable Trust Co. now owns 4,932 shares of the transportation company’s stock valued at $672,000 after buying an additional 276 shares during the period. Leavell Investment Management Inc. grew its position in United Parcel Service by 176.9% in the third quarter. Leavell Investment Management Inc. now owns 5,948 shares of the transportation company’s stock worth $811,000 after acquiring an additional 3,800 shares during the period. Finally, Easterly Investment Partners LLC increased its stake in United Parcel Service by 63.5% during the third quarter. Easterly Investment Partners LLC now owns 11,076 shares of the transportation company’s stock worth $1,510,000 after acquiring an additional 4,302 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS stock opened at $132.49 on Friday. The stock’s 50-day moving average is $132.06 and its two-hundred day moving average is $135.29. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market cap of $113.49 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the business posted $1.57 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Analysts Set New Price Targets

Several equities analysts have recently commented on UPS shares. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Company Profile

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 express letters, documents, small packages, and palletized freight through air and ground services in the United States.