United Parcel Service, Inc. (NYSE:UPS) Holdings Trimmed by First Allied Advisory Services Inc.

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First Allied Advisory Services Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,540 shares of the transportation company’s stock after selling 2,464 shares during the period. First Allied Advisory Services Inc.’s holdings in United Parcel Service were worth $3,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nuveen Asset Management LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $368,346,000. Price T Rowe Associates Inc. MD grew its holdings in shares of United Parcel Service by 36.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock valued at $1,217,400,000 after acquiring an additional 3,155,121 shares in the last quarter. Invesco Ltd. grew its holdings in shares of United Parcel Service by 47.3% during the 2nd quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock valued at $664,353,000 after acquiring an additional 2,064,682 shares in the last quarter. Atria Investments LLC grew its holdings in shares of United Parcel Service by 4,982.4% during the 2nd quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock valued at $89,057,000 after acquiring an additional 1,075,450 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $97,269,000. Hedge funds and other institutional investors own 54.69% of the company’s stock.

Several equities analysts have recently commented on the stock. Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a report on Monday, August 26th. Raymond James boosted their price target on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Loop Capital set a $140.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a report on Monday, September 23rd. UBS Group set a $136.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Co assumed coverage on shares of United Parcel Service in a report on Monday, October 28th. They set an “outperform” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $121.99.

UPS stock opened at $124.08 on Friday. 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, Inc. has a 1 year low of $89.89 and a 1 year high of $125.31. The company has a fifty day simple moving average of $118.13 and a 200 day simple moving average of $110.53. The firm has a market cap of $105.63 billion, a PE ratio of 17.14, a PEG ratio of 1.87 and a beta of 1.22.

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 consensus estimate of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The business had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.35 billion. During the same quarter in the previous year, the business earned $1.82 EPS. United Parcel Service’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, November 15th. United Parcel Service’s payout ratio is presently 53.04%.

In related news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction on Friday, November 1st. The shares were sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

United Parcel Service Profile

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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