Taylor Hoffman Wealth Management lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,515 shares of the transportation company’s stock after selling 4,875 shares during the period. United Parcel Service makes up 1.4% of Taylor Hoffman Wealth Management’s holdings, making the stock its 19th biggest holding. Taylor Hoffman Wealth Management’s holdings in United Parcel Service were worth $1,979,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Bernardo Wealth Planning LLC grew its position in United Parcel Service by 0.6% in the second quarter. Bernardo Wealth Planning LLC now owns 15,340 shares of the transportation company’s stock valued at $1,584,000 after acquiring an additional 88 shares in the last quarter. LS Investment Advisors LLC boosted its position in United Parcel Service by 0.6% during the 2nd quarter. LS Investment Advisors LLC now owns 16,429 shares of the transportation company’s stock worth $1,697,000 after acquiring an additional 92 shares during the period. Glassman Wealth Services boosted its position in United Parcel Service by 22.5% during the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock worth $60,000 after acquiring an additional 92 shares during the period. Meridian Financial Partners LLC boosted its position in United Parcel Service by 1.6% during the 3rd quarter. Meridian Financial Partners LLC now owns 5,948 shares of the transportation company’s stock worth $685,000 after acquiring an additional 95 shares during the period. Finally, Regentatlantic Capital LLC boosted its position in United Parcel Service by 0.3% during the 2nd quarter. Regentatlantic Capital LLC now owns 33,914 shares of the transportation company’s stock worth $3,502,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 55.30% of the company’s stock.
NYSE UPS traded up $0.81 during trading on Friday, hitting $124.30. The company’s stock had a trading volume of 2,161,297 shares, compared to its average volume of 3,229,216. The firm has a market cap of $104.24 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.31. The firm has a 50 day moving average price of $117.75 and a 200 day moving average price of $110.24.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, November 15th. United Parcel Service’s dividend payout ratio is presently 53.04%.
A number of equities research analysts have commented on the company. GMP Securities upgraded United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. Loop Capital set a $140.00 price target on United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research report on Monday, July 29th. Barclays reaffirmed a “hold” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Wednesday, October 23rd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $121.99.
In other news, COO James J. Barber sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.
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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