Gamble Jones Investment Counsel decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,533 shares of the transportation company’s stock after selling 100 shares during the quarter. Gamble Jones Investment Counsel’s holdings in United Parcel Service were worth $1,502,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in UPS. Nuveen Asset Management LLC bought a new stake in United Parcel Service in the 2nd quarter worth approximately $368,346,000. Price T Rowe Associates Inc. MD lifted its position in United Parcel Service by 36.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock worth $1,217,400,000 after buying an additional 3,155,121 shares during the last quarter. Invesco Ltd. lifted its position in United Parcel Service by 47.3% in the 2nd quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock worth $664,353,000 after buying an additional 2,064,682 shares during the last quarter. Atria Investments LLC increased its stake in United Parcel Service by 4,982.4% in the 2nd quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock worth $89,057,000 after purchasing an additional 1,075,450 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in United Parcel Service in the 2nd quarter worth approximately $97,269,000. Institutional investors own 55.30% of the company’s stock.
United Parcel Service stock traded up $0.81 during trading hours on Friday, reaching $124.30. The company had a trading volume of 2,161,297 shares, compared to its average volume of 3,229,216. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.31. The firm has a market cap of $104.24 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.84 and a beta of 1.22. The company has a 50-day moving average price of $117.75 and a 200 day moving average price of $110.24.
United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $18.35 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.09%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
In other news, COO James J. Barber sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by insiders.
A number of equities analysts have commented on UPS shares. GMP Securities raised United Parcel Service to a “reduce” rating in a research note on Monday, October 28th. UBS Group set a $136.00 price target on United Parcel Service and gave the stock a “buy” rating in a research note on Friday, November 1st. Loop Capital set a $140.00 price target on United Parcel Service and gave the stock a “buy” rating in a research note on Monday, September 23rd. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Finally, Bank of America lifted their price target on United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $121.99.
About United Parcel Service
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.
Further Reading: Fundamental Analysis
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