United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,368 shares of the transportation company’s stock after selling 2,774 shares during the period. Arkadios Wealth Advisors’ holdings in United Parcel Service were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of United Parcel Service by 15,779.6% in the third 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. Marshall Wace LLP boosted its position in shares of United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the period. Spirepoint Private Client LLC purchased a new stake in United Parcel Service in the first quarter valued at approximately $160,787,000. Assenagon Asset Management S.A. lifted its stake in United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after purchasing an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP purchased a new position in shares of United Parcel Service during the first quarter worth $90,099,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock traded down $0.92 during mid-day trading on Friday, reaching $137.43. The company had a trading volume of 4,916,651 shares, compared to its average volume of 4,221,229. The stock’s 50-day simple moving average is $130.89 and its 200-day simple moving average is $136.08. The company has a market capitalization of $117.72 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UPS. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Robert W. Baird lowered their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Citigroup started coverage on United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Bank of America increased their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.43.

About United Parcel Service

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.