King Wealth Management Group Sells 92 Shares of United Parcel Service, Inc. (NYSE:UPS)

King Wealth Management Group lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,066 shares of the transportation company’s stock after selling 92 shares during the quarter. King Wealth Management Group’s holdings in United Parcel Service were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in United Parcel Service by 6.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock valued at $12,676,000 after acquiring an additional 5,373 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of United Parcel Service by 880.2% during the first quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company’s stock valued at $3,304,000 after buying an additional 19,964 shares during the period. M&G Plc bought a new position in United Parcel Service in the first quarter worth about $9,766,000. Mizuho Markets Americas LLC purchased a new stake in United Parcel Service in the first quarter worth about $395,000. Finally, Pinkerton Retirement Specialists LLC boosted its position in United Parcel Service by 62.5% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 24,823 shares of the transportation company’s stock valued at $3,689,000 after acquiring an additional 9,545 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UPS shares. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Robert W. Baird dropped their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Bank of America upped their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Trading Down 0.8 %

Shares of UPS opened at $132.64 on Friday. The firm has a market cap of $113.62 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick 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 company has a 50 day simple moving average of $132.27 and a two-hundred day simple moving average of $134.88.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.92%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.