United Parcel Service, Inc. (NYSE:UPS) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,411 shares of the transportation company’s stock after selling 126 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in United Parcel Service were worth $1,010,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Natixis acquired a new position in shares of United Parcel Service in the 1st quarter worth $121,000. Cohen Investment Advisors LLC raised its holdings in United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares during the period. Financial Partners Group LLC boosted its position in shares of United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after buying an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of United Parcel Service by 12.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after buying an additional 6,502 shares in the last quarter. Finally, Nvwm LLC raised its position in United Parcel Service by 3.7% during the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after buying an additional 96 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on UPS. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Oppenheimer lowered their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday. Susquehanna lifted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.43.

United Parcel Service Stock Performance

UPS opened at $137.43 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $130.89 and its two-hundred day moving average price is $135.98. The firm has a market capitalization of $117.72 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

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.