Keudell Morrison Wealth Management Sells 208 Shares of United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

Keudell Morrison Wealth Management lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,676 shares of the transportation company’s stock after selling 208 shares during the quarter. Keudell Morrison Wealth Management’s holdings in United Parcel Service were worth $638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC lifted its position in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares in the last quarter. Tortoise Investment Management LLC lifted its position in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares in the last quarter. Finally, PSI Advisors LLC lifted its position in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS traded up $0.74 during trading hours on Thursday, hitting $134.66. The stock had a trading volume of 398,869 shares, compared to its average volume of 4,167,196. The company has a 50 day simple moving average of $131.83 and a two-hundred day simple moving average of $135.39. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a market capitalization of $115.35 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the firm earned $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.84%. United Parcel Service’s payout ratio is 98.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup assumed coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target on the stock. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

Get Our Latest Analysis on United Parcel Service

About United Parcel Service

(Free Report)

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.

See Also

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