United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,784 shares of the transportation company’s stock after selling 236 shares during the quarter. Angeles Wealth Management LLC’s holdings in United Parcel Service were worth $380,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norden Group LLC grew its position in United Parcel Service by 32.2% during the 1st quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock worth $855,000 after purchasing an additional 1,401 shares during the period. Lincoln National Corp raised its position in United Parcel Service by 12.6% during the first quarter. Lincoln National Corp now owns 16,823 shares of the transportation company’s stock valued at $2,500,000 after acquiring an additional 1,887 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in United Parcel Service by 15.8% in the first quarter. First Command Advisory Services Inc. now owns 753 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 103 shares during the period. Mutual Advisors LLC boosted its position in United Parcel Service by 15.8% in the 1st quarter. Mutual Advisors LLC now owns 14,427 shares of the transportation company’s stock worth $2,144,000 after purchasing an additional 1,972 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its stake in shares of United Parcel Service by 12.4% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,869 shares of the transportation company’s stock worth $872,000 after purchasing an additional 647 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS stock opened at $134.05 on Monday. The firm’s 50-day moving average is $131.51 and its two-hundred day moving average is $135.53. 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 company has a market capitalization of $114.82 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service’s payout ratio is presently 98.49%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their price target 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. Oppenheimer increased their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Robert W. Baird dropped their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.