United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Haverford Trust Co.

Haverford Trust Co. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,514 shares of the transportation company’s stock after purchasing an additional 4,111 shares during the period. Haverford Trust Co.’s holdings in United Parcel Service were worth $46,312,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UPS. Daiwa Securities Group Inc. grew its position in United Parcel Service by 7.2% during the third quarter. Daiwa Securities Group Inc. now owns 31,596 shares of the transportation company’s stock valued at $3,786,000 after purchasing an additional 2,129 shares in the last quarter. Donaldson Capital Management LLC grew its position in United Parcel Service by 6.4% in the third quarter. Donaldson Capital Management LLC now owns 262,019 shares of the transportation company’s stock worth $31,395,000 after acquiring an additional 15,823 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its position in United Parcel Service by 0.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 55,956 shares of the transportation company’s stock worth $6,705,000 after acquiring an additional 250 shares in the last quarter. Bartlett & Co. LLC grew its position in United Parcel Service by 201.8% in the third quarter. Bartlett & Co. LLC now owns 155,958 shares of the transportation company’s stock worth $18,687,000 after acquiring an additional 104,290 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC grew its position in United Parcel Service by 8.1% in the third quarter. Strategic Wealth Advisors Group LLC now owns 18,746 shares of the transportation company’s stock worth $2,177,000 after acquiring an additional 1,404 shares in the last quarter. Hedge funds and other institutional investors own 55.30% of the company’s stock.

NYSE:UPS traded up $0.81 during trading hours on Friday, hitting $124.30. 2,309,344 shares of the company traded hands, compared to its average volume of 3,108,732. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $124.66. The stock has a market capitalization of $104.24 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.84 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27. The firm has a 50-day moving average of $117.64 and a 200 day moving average of $110.19.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The company had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. During the same quarter in the prior year, the company posted $1.82 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.09%. United Parcel Service’s dividend payout ratio is currently 53.04%.

In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Several research firms have commented on UPS. Stifel Nicolaus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a research report on Monday, July 29th. UBS Group set a $136.00 target price on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital set a $140.00 target price on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 23rd. Credit Suisse Group reduced their price objective on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Raymond James boosted their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $121.99.

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.

Read More: Buy Rating

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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