Fullcircle Wealth LLC Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Fullcircle Wealth LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,277 shares of the transportation company’s stock after selling 7,013 shares during the quarter. United Parcel Service makes up approximately 6.1% of Fullcircle Wealth LLC’s portfolio, making the stock its largest holding. Fullcircle Wealth LLC’s holdings in United Parcel Service were worth $13,842,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Natixis bought a new stake in shares of United Parcel Service in the first quarter valued at $121,000. Cohen Investment Advisors LLC increased its holdings in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after acquiring an additional 3,835 shares during the last quarter. Financial Partners Group LLC raised its stake in United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings 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 during the last quarter. Finally, Nvwm LLC boosted 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 worth $399,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. UBS Group lifted their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Down 0.0 %

UPS stock traded down $0.01 during midday trading on Friday, hitting $134.05. The company had a trading volume of 2,266,708 shares, compared to its average volume of 3,651,343. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The stock has a market cap of $114.82 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99. The stock’s 50 day moving average price is $131.51 and its 200 day moving average price is $135.63.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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