Confluence Investment Management LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Confluence Investment Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 613,787 shares of the transportation company’s stock after selling 29,200 shares during the period. Confluence Investment Management LLC’s holdings in United Parcel Service were worth $83,684,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP lifted its holdings in United Parcel Service by 186.1% in the first quarter. GSA Capital Partners LLP now owns 6,235 shares of the transportation company’s stock valued at $927,000 after acquiring an additional 4,056 shares during the period. Geneos Wealth Management Inc. boosted its holdings in United Parcel Service by 2.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,549 shares of the transportation company’s stock worth $676,000 after buying an additional 101 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position 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 buying an additional 6,502 shares during the period. AIA Group Ltd increased its holdings in United Parcel Service by 130.1% in the first quarter. AIA Group Ltd now owns 14,968 shares of the transportation company’s stock valued at $2,225,000 after buying an additional 8,464 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its position in shares of United Parcel Service by 30.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 1,976 shares of the transportation company’s stock worth $294,000 after acquiring an additional 462 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.2 %

NYSE UPS opened at $134.17 on Friday. The business’s fifty day simple moving average is $131.83 and its 200-day simple moving average is $135.39. 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 firm has a market cap of $114.93 billion, a PE ratio of 20.27, a P/E/G ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping 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 company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service’s payout ratio is 98.49%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays reissued an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Stifel Nicolaus upped their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target 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.