Woodmont Investment Counsel LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Woodmont Investment Counsel LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,670 shares of the transportation company’s stock after selling 847 shares during the period. Woodmont Investment Counsel LLC’s holdings in United Parcel Service were worth $10,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in United Parcel Service in the second quarter valued at about $28,000. Riverview Trust Co purchased a new position in United Parcel Service in the second quarter valued at about $32,000. Centerpoint Advisors LLC boosted its holdings in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS opened at $133.93 on Thursday. The firm has a market cap of $114.72 billion, a PE ratio of 20.23, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $131.83 and a 200-day simple moving average of $135.39. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.87%. United Parcel Service’s dividend payout ratio is 98.49%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Susquehanna upped their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Stephens cut 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. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.