Winthrop Advisory Group LLC Sells 545 Shares of United Parcel Service, Inc. (NYSE:UPS)

Winthrop Advisory Group LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,641 shares of the transportation company’s stock after selling 545 shares during the quarter. Winthrop Advisory Group LLC’s holdings in United Parcel Service were worth $633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares in the last quarter. American Century Companies Inc. boosted its position in shares of United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after buying an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after buying an additional 101,349 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $134.17 on Friday. The firm has a market cap of $114.93 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 2.20 and a beta of 0.99. The firm has a fifty day moving average price of $131.83 and a 200 day moving average price 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. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS 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 the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Citigroup initiated coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company boosted 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. Finally, Susquehanna increased their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus 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.