D.A. Davidson & CO. Trims Holdings in United Parcel Service, Inc. (NYSE:UPS)

D.A. Davidson & CO. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 203,479 shares of the transportation company’s stock after selling 556 shares during the quarter. D.A. Davidson & CO.’s holdings in United Parcel Service were worth $27,742,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UPS. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after acquiring an additional 1,320,921 shares during the period. 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 purchasing an additional 14,539,321 shares in the last quarter. FMR LLC lifted its position in shares of United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after purchasing an additional 380,229 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of United Parcel Service by 0.3% during the 2nd 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. Finally, American Century Companies Inc. increased 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 period. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 report on Friday, October 25th. Citigroup lowered their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Susquehanna raised their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $137.53 on Tuesday. The business has a 50-day simple moving average of $133.15 and a two-hundred day simple moving average of $134.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $117.36 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service’s payout ratio is 98.49%.

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.