HM Payson & Co. Sells 753 Shares of United Parcel Service, Inc. (NYSE:UPS)

HM Payson & Co. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 17.7% in the third quarter, Holdings Channel reports. The firm owned 3,513 shares of the transportation company’s stock after selling 753 shares during the quarter. HM Payson & Co.’s holdings in United Parcel Service were worth $479,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tilson Financial Group Inc. bought a new position in United Parcel Service in the third quarter valued at about $3,133,000. Goldstone Financial Group LLC bought a new position in United Parcel Service in the third quarter valued at about $1,313,000. Financial Advocates Investment Management lifted its holdings in United Parcel Service by 112.8% in the third quarter. Financial Advocates Investment Management now owns 8,242 shares of the transportation company’s stock valued at $1,124,000 after acquiring an additional 4,368 shares during the period. Cornerstone Wealth Group LLC lifted its holdings in United Parcel Service by 9.4% in the third quarter. Cornerstone Wealth Group LLC now owns 3,190 shares of the transportation company’s stock valued at $435,000 after acquiring an additional 273 shares during the period. Finally, TNF LLC bought a new position in United Parcel Service in the third quarter valued at about $214,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $134.05 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The firm has a market capitalization of $114.82 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.20 and a beta of 0.99. The stock has a 50 day moving average price of $131.51 and a 200 day moving average price of $135.63.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the company earned $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stephens decreased their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. BMO Capital Markets decreased their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.