United Parcel Service, Inc. $UPS Stock Position Decreased by Bar Harbor Wealth Management

Bar Harbor Wealth Management trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,024 shares of the transportation company’s stock after selling 7,888 shares during the period. Bar Harbor Wealth Management’s holdings in United Parcel Service were worth $2,341,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. First PREMIER Bank increased its stake in shares of United Parcel Service by 10.3% during the 3rd quarter. First PREMIER Bank now owns 2,936 shares of the transportation company’s stock worth $245,000 after purchasing an additional 273 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its stake in shares of United Parcel Service by 6.7% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 4,408 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 276 shares during the last quarter. Jeppson Wealth Management LLC boosted its holdings in United Parcel Service by 11.1% in the third quarter. Jeppson Wealth Management LLC now owns 3,193 shares of the transportation company’s stock worth $267,000 after purchasing an additional 320 shares in the last quarter. Norden Group LLC increased its position in United Parcel Service by 9.2% during the third quarter. Norden Group LLC now owns 9,277 shares of the transportation company’s stock worth $775,000 after buying an additional 778 shares during the last quarter. Finally, World Investment Advisors raised its holdings in United Parcel Service by 260.4% during the third quarter. World Investment Advisors now owns 78,577 shares of the transportation company’s stock valued at $6,564,000 after buying an additional 56,772 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4%

Shares of UPS opened at $100.58 on Thursday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $85.33 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a 50-day simple moving average of $94.97 and a 200-day simple moving average of $92.86.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same period last year, the business earned $1.76 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. UBS Group boosted their target price on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stephens raised United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.