Valley Wealth Managers Inc. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Valley Wealth Managers Inc. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,319 shares of the transportation company’s stock after purchasing an additional 1,317 shares during the period. Valley Wealth Managers Inc.’s holdings in United Parcel Service were worth $3,725,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC lifted its holdings in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after buying an additional 69 shares in the last quarter. Cigna Investments Inc. New grew its position in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the last quarter. Gleason Group Inc. grew its position in United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after purchasing an additional 77 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of United Parcel Service by 0.5% in the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock valued at $2,167,000 after acquiring an additional 79 shares in the last quarter. Finally, Horan Capital Advisors LLC. boosted its holdings in shares of United Parcel Service by 0.4% in the second quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock valued at $3,152,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.17 during trading hours on Friday, reaching $132.47. The stock had a trading volume of 325,805 shares, compared to its average volume of 4,154,532. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a 50-day simple moving average of $132.37 and a 200-day simple moving average of $134.86. The firm has a market capitalization of $113.47 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.92%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.