Heritage Oak Wealth Advisors LLC Sells 1,181 Shares of United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

Heritage Oak Wealth Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 42.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,624 shares of the transportation company’s stock after selling 1,181 shares during the quarter. Heritage Oak Wealth Advisors LLC’s holdings in United Parcel Service were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Canal Capital Management LLC boosted its stake in United Parcel Service by 19.6% during the 3rd quarter. Canal Capital Management LLC now owns 43,197 shares of the transportation company’s stock valued at $5,890,000 after purchasing an additional 7,093 shares during the last quarter. Financial Partners Group LLC grew its position in United Parcel Service by 10.7% during the third quarter. Financial Partners Group LLC now owns 29,131 shares of the transportation company’s stock valued at $3,972,000 after buying an additional 2,812 shares during the period. Silver Oak Securities Incorporated raised its position in United Parcel Service by 18.5% in the third quarter. Silver Oak Securities Incorporated now owns 3,977 shares of the transportation company’s stock worth $534,000 after acquiring an additional 620 shares during the period. Legacy Capital Group California Inc. bought a new position in shares of United Parcel Service during the 3rd quarter valued at approximately $701,000. Finally, Rowlandmiller & PARTNERS.ADV lifted its stake in United Parcel Service by 4.1% in the third quarter. Rowlandmiller & PARTNERS.ADV now owns 41,686 shares of the transportation company’s stock valued at $5,684,000 after purchasing an additional 1,650 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on UPS. Citigroup started coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. UBS Group cut their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.29.

Get Our Latest Report on UPS

United Parcel Service Stock Up 0.7 %

Shares of NYSE:UPS traded up $1.03 on Friday, reaching $139.38. The company had a trading volume of 1,471,920 shares, compared to its average volume of 4,204,605. The firm’s 50 day simple moving average is $130.73 and its 200-day simple moving average is $136.17. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market capitalization of $119.39 billion, a PE ratio of 22.70, a PEG ratio of 1.93 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.68%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 106.36%.

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.

Further Reading

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