Bleakley Financial Group LLC Sells 4,701 Shares of United Parcel Service, Inc. $UPS

Bleakley Financial Group LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 17.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,424 shares of the transportation company’s stock after selling 4,701 shares during the quarter. Bleakley Financial Group LLC’s holdings in United Parcel Service were worth $1,873,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UPS. CFS Investment Advisory Services LLC grew its stake in United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after buying an additional 108 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in United Parcel Service by 4.6% during the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 112 shares during the period. Wealth Advisory Solutions LLC grew its position in shares of United Parcel Service by 2.3% in the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 118 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of United Parcel Service by 14.8% in the second quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock worth $97,000 after purchasing an additional 124 shares during the period. Finally, Country Trust Bank increased its stake in shares of United Parcel Service by 4.8% in the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock worth $277,000 after purchasing an additional 125 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 1.4%

UPS opened at $115.06 on Tuesday. The company has a market capitalization of $97.62 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average price is $108.11 and its two-hundred day moving average price is $96.06. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is currently 100.00%.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

Analyst Ratings Changes

Several analysts recently weighed in on UPS shares. TD Cowen increased their target price on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Oppenheimer increased their price objective on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, BMO Capital Markets raised their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $113.67.

View Our Latest Stock Report on United Parcel Service

United Parcel Service Profile

(Free Report)

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.

See Also

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

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