United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 39.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,048 shares of the transportation company’s stock after selling 13,658 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in United Parcel Service were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Natixis acquired a new position in shares of United Parcel Service in the first quarter worth about $121,000. Cohen Investment Advisors LLC boosted its holdings in shares of United Parcel Service by 26.4% in the third 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 holdings 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. Finally, Weaver C. Barksdale & Associates Inc. boosted its holdings in shares of United Parcel Service by 71.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after buying an additional 6,073 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 2.6 %

NYSE:UPS opened at $134.82 on Monday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The firm has a market cap of $115.05 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $132.98 and its 200-day moving average is $134.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.84%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

UPS has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Susquehanna raised their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Evercore ISI raised their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, 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. Two research 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 stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

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.