6,000 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Toews Corp ADV

Toews Corp ADV purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,000 shares of the transportation company’s stock, valued at approximately $1,000,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NovaPoint Capital LLC boosted its stake in shares of United Parcel Service by 1.9% during the 3rd quarter. NovaPoint Capital LLC now owns 3,247 shares of the transportation company’s stock valued at $541,000 after buying an additional 59 shares during the last quarter. First Midwest Bank Trust Division boosted its stake in shares of United Parcel Service by 2.8% during the 3rd quarter. First Midwest Bank Trust Division now owns 2,290 shares of the transportation company’s stock valued at $382,000 after buying an additional 63 shares during the last quarter. Aries Wealth Management boosted its stake in shares of United Parcel Service by 3.5% during the 3rd quarter. Aries Wealth Management now owns 1,931 shares of the transportation company’s stock valued at $322,000 after buying an additional 65 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of United Parcel Service by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 17,846 shares of the transportation company’s stock valued at $2,974,000 after buying an additional 65 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of United Parcel Service by 2.9% during the 2nd quarter. Cerity Partners LLC now owns 2,442 shares of the transportation company’s stock valued at $271,000 after buying an additional 68 shares during the last quarter. 55.67% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Argus increased their target price on United Parcel Service from $156.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Raymond James raised their price objective on United Parcel Service from $165.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 29th. Berenberg Bank set a $130.00 price objective on United Parcel Service and gave the stock a “sell” rating in a research note on Tuesday, October 27th. The Goldman Sachs Group raised their price objective on United Parcel Service from $159.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 21st. Finally, Cowen raised their price objective on United Parcel Service from $101.00 to $114.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $157.39.

In related news, Director David P. Abney sold 62,700 shares of United Parcel Service stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $160.56, for a total transaction of $10,067,112.00. 0.57% of the stock is owned by insiders.

Shares of UPS traded down $2.72 during trading hours on Friday, reaching $163.76. 3,989,544 shares of the company’s stock traded hands, compared to its average volume of 4,592,169. The firm has a market capitalization of $141.55 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.24 and a quick ratio of 1.24. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $178.01. The business’s fifty day simple moving average is $168.26 and its two-hundred day simple moving average is $138.18.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, October 28th. The transportation company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.42. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. During the same quarter last year, the business earned $2.07 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 6.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, November 13th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, November 12th. United Parcel Service’s payout ratio is currently 53.65%.

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

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