Key Financial Inc Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Key Financial Inc trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 899 shares of the transportation company’s stock after selling 78 shares during the period. Key Financial Inc’s holdings in United Parcel Service were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UPS. Natixis acquired a new stake in United Parcel Service in the first quarter valued at $121,000. Cohen Investment Advisors LLC grew its position in United Parcel Service by 26.4% during 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 increased its holdings in 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 valued at $3,602,000 after buying an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after acquiring an additional 6,502 shares during the period. Finally, Nvwm LLC boosted its stake in shares of United Parcel Service by 3.7% during the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after acquiring an additional 96 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.0 %

UPS traded down $0.01 on Friday, reaching $134.05. 2,266,708 shares of the company’s stock were exchanged, compared to its average volume of 3,651,343. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company’s 50 day moving average is $131.51 and its 200-day moving average is $135.63. 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 company has a market cap of $114.82 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 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 business posted $1.57 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s payout ratio is currently 98.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup assumed coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. UBS Group raised their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets reduced their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, Oppenheimer raised their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service 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.