Taylor Hoffman Wealth Management lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 22.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,515 shares of the transportation company’s stock after selling 4,875 shares during the quarter. United Parcel Service comprises about 1.4% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 19th largest holding. Taylor Hoffman Wealth Management’s holdings in United Parcel Service were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its holdings in shares of United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after acquiring an additional 117 shares in the last quarter. Kavar Capital Partners LLC bought a new position in shares of United Parcel Service during the second quarter worth about $38,000. NumerixS Investment Technologies Inc bought a new position in shares of United Parcel Service during the second quarter worth about $38,000. Earnest Partners LLC bought a new position in shares of United Parcel Service during the second quarter worth about $40,000. Finally, Orrstown Financial Services Inc. grew its holdings in shares of United Parcel Service by 41.7% during the second quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock worth $44,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 55.30% of the company’s stock.
In other news, COO James J. Barber sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.
Shares of UPS traded up $0.81 during mid-day trading on Friday, reaching $124.30. The company’s stock had a trading volume of 2,161,297 shares, compared to its average volume of 3,229,216. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.31. The stock has a market cap of $104.24 billion, a P/E ratio of 17.17, a PEG ratio of 1.84 and a beta of 1.22. The business has a 50-day simple moving average of $117.75 and a two-hundred day simple moving average of $110.24. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The company had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. During the same period last year, the firm posted $1.82 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $0.96 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.09%. United Parcel Service’s payout ratio is 53.04%.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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