Exencial Wealth Advisors LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 46,621 shares of the transportation company’s stock after selling 652 shares during the period. United Parcel Service makes up about 1.3% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Exencial Wealth Advisors LLC’s holdings in United Parcel Service were worth $5,443,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in United Parcel Service by 1.2% during the second quarter. Fisher Asset Management LLC now owns 43,033 shares of the transportation company’s stock worth $4,571,000 after acquiring an additional 511 shares during the last quarter. Trust Co. of Vermont increased its stake in United Parcel Service by 5.6% during the second quarter. Trust Co. of Vermont now owns 17,236 shares of the transportation company’s stock worth $1,831,000 after acquiring an additional 919 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in United Parcel Service by 9.7% during the second quarter. Xact Kapitalforvaltning AB now owns 125,369 shares of the transportation company’s stock worth $13,318,000 after acquiring an additional 11,082 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new stake in United Parcel Service during the second quarter worth $2,066,000. Finally, Gateway Investment Advisers LLC acquired a new stake in United Parcel Service during the second quarter worth $54,043,000. 53.65% of the stock is owned by hedge funds and other institutional investors.
UPS has been the subject of several recent analyst reports. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Monday, July 16th. ValuEngine raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Tuesday, July 24th. Goldman Sachs Group set a $139.00 price objective on United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Stephens set a $128.00 price objective on United Parcel Service and gave the company a “hold” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.66.
Shares of NYSE UPS opened at $111.50 on Friday. United Parcel Service, Inc. has a twelve month low of $101.45 and a twelve month high of $135.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43. The firm has a market capitalization of $93.48 billion, a PE ratio of 18.55, a PEG ratio of 1.62 and a beta of 1.14.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.82. The business had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.26%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
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United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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