Lowe Brockenbrough & Co. Inc. Cuts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Lowe Brockenbrough & Co. Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,573 shares of the transportation company’s stock after selling 9,304 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in United Parcel Service were worth $5,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Natixis bought a new position in United Parcel Service during the first quarter valued at approximately $121,000. Cohen Investment Advisors LLC grew 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 valued at $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Financial Partners Group LLC increased its position 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 worth $3,602,000 after purchasing an additional 5,069 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in United Parcel Service by 12.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after purchasing an additional 6,502 shares in the last quarter. Finally, Nvwm LLC lifted its position in United Parcel Service by 3.7% during the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.0 %

Shares of NYSE UPS opened at $134.05 on Friday. The business has a fifty day moving average price of $131.51 and a 200 day moving average price of $135.63. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The stock has a market capitalization of $114.82 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPS. Barclays restated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus increased their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Susquehanna raised their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target 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.