Consolidated Planning Corp Has $225,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Consolidated Planning Corp lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,651 shares of the transportation company’s stock after selling 440 shares during the quarter. Consolidated Planning Corp’s holdings in United Parcel Service were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the second quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC boosted its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC grew its holdings in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC increased its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UPS. Wells Fargo & Company upped their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird dropped their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Evercore ISI increased their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Down 1.2 %

Shares of NYSE:UPS opened at $132.49 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a market capitalization of $113.49 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a fifty day moving average of $132.06 and a 200-day moving average of $135.29.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio is presently 98.49%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.