Davis R M Inc. Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Davis R M Inc. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,628 shares of the transportation company’s stock after selling 210 shares during the quarter. Davis R M Inc.’s holdings in United Parcel Service were worth $1,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Coppell Advisory Solutions Corp. bought a new position in shares of United Parcel Service during the first quarter valued at about $2,289,000. Comerica Bank grew its stake in shares of United Parcel Service by 1.9% in the first quarter. Comerica Bank now owns 282,098 shares of the transportation company’s stock worth $41,928,000 after purchasing an additional 5,167 shares during the last quarter. Beacon Capital Management LLC increased its holdings in United Parcel Service by 48.4% during the 1st quarter. Beacon Capital Management LLC now owns 1,652 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 539 shares during the period. Vista Investment Partners LLC raised its position in United Parcel Service by 231.9% during the 1st quarter. Vista Investment Partners LLC now owns 11,166 shares of the transportation company’s stock valued at $1,660,000 after purchasing an additional 7,802 shares during the last quarter. Finally, Garner Asset Management Corp lifted its holdings in United Parcel Service by 4.0% in the 1st quarter. Garner Asset Management Corp now owns 9,718 shares of the transportation company’s stock worth $1,444,000 after buying an additional 370 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of several research analyst reports. Oppenheimer boosted their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. UBS Group raised their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Susquehanna boosted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Up 2.0 %

NYSE:UPS opened at $137.53 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $117.36 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The firm has a 50-day simple moving average of $133.15 and a two-hundred day simple moving average of $134.03.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Monday, November 18th. United Parcel Service’s 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.