Vertex Planning Partners LLC Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Vertex Planning Partners LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.5% in the 3rd quarter, Holdings Channel reports. The firm owned 1,987 shares of the transportation company’s stock after selling 162 shares during the period. Vertex Planning Partners LLC’s holdings in United Parcel Service were worth $271,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages have issued reports on UPS. The Goldman Sachs Group dropped their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. UBS Group raised their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Susquehanna lifted their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Up 2.0 %

Shares of NYSE UPS opened at $135.13 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a market capitalization of $115.32 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The business has a 50-day moving average of $132.63 and a two-hundred day moving average of $134.51.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal 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 given a $1.63 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 98.49%.

About United Parcel Service

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.