W.G. Shaheen & Associates DBA Whitney & Co Sells 100 Shares of United Parcel Service, Inc. (NYSE:UPS)

W.G. Shaheen & Associates DBA Whitney & Co lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,210 shares of the transportation company’s stock after selling 100 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in United Parcel Service were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Ontario Teachers Pension Plan Board grew its holdings in shares of United Parcel Service by 50.3% during the first quarter. Ontario Teachers Pension Plan Board now owns 5,853 shares of the transportation company’s stock worth $870,000 after purchasing an additional 1,958 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of United Parcel Service by 6.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,870 shares of the transportation company’s stock worth $6,966,000 after buying an additional 3,003 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of United Parcel Service by 128.8% in the 1st quarter. Bessemer Group Inc. now owns 36,805 shares of the transportation company’s stock worth $5,470,000 after buying an additional 20,717 shares during the last quarter. Lake Street Advisors Group LLC raised its position in shares of United Parcel Service by 51.0% during the 1st quarter. Lake Street Advisors Group LLC now owns 5,182 shares of the transportation company’s stock valued at $770,000 after buying an additional 1,751 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of United Parcel Service by 0.4% during the 1st quarter. National Bank of Canada FI now owns 342,024 shares of the transportation company’s stock worth $50,403,000 after acquiring an additional 1,286 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $135.13 on Tuesday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $115.32 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company’s 50 day moving average is $132.63 and its 200 day moving average is $134.51.

United Parcel Service (NYSE:UPS) last posted its 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.82%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UPS. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. UBS Group upped their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup decreased their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Evercore ISI upped their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

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.