Ancora Advisors LLC Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Ancora Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,879 shares of the transportation company’s stock after purchasing an additional 85 shares during the period. Ancora Advisors LLC’s holdings in United Parcel Service were worth $1,303,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Bernardo Wealth Planning LLC boosted its stake in shares of United Parcel Service by 0.6% during the second quarter. Bernardo Wealth Planning LLC now owns 15,340 shares of the transportation company’s stock valued at $1,584,000 after acquiring an additional 88 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of United Parcel Service by 0.6% during the second quarter. LS Investment Advisors LLC now owns 16,429 shares of the transportation company’s stock valued at $1,697,000 after acquiring an additional 92 shares during the last quarter. Glassman Wealth Services boosted its stake in United Parcel Service by 22.5% in the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock worth $60,000 after buying an additional 92 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in United Parcel Service by 12.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 834 shares of the transportation company’s stock worth $100,000 after buying an additional 94 shares during the last quarter. Finally, Meridian Financial Partners LLC boosted its stake in United Parcel Service by 1.6% in the 3rd quarter. Meridian Financial Partners LLC now owns 5,948 shares of the transportation company’s stock worth $685,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

UPS has been the topic of a number of research analyst reports. Bank of America raised 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. Credit Suisse Group decreased their price target on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the stock a “neutral” rating in a research note on Friday, October 4th. 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. Finally, Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $121.99.

In other news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.17% of the company’s stock.

NYSE UPS opened at $119.87 on Friday. The firm has a market capitalization of $103.20 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.83 and a beta of 1.22. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.31. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50-day simple moving average is $119.11 and its 200-day simple moving average is $111.71.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.01. The business had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, November 15th. United Parcel Service’s dividend payout ratio is currently 53.04%.

United Parcel Service Company Profile

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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