TrinityPoint Wealth LLC Has $724,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

TrinityPoint Wealth LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 28.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,311 shares of the transportation company’s stock after selling 2,123 shares during the period. TrinityPoint Wealth LLC’s holdings in United Parcel Service were worth $724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. Ontario Teachers Pension Plan Board raised its holdings in United Parcel Service by 50.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,853 shares of the transportation company’s stock valued at $870,000 after buying an additional 1,958 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in United Parcel Service by 6.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,870 shares of the transportation company’s stock valued at $6,966,000 after acquiring an additional 3,003 shares during the period. Bessemer Group Inc. raised its stake in shares of United Parcel Service by 128.8% during the first quarter. Bessemer Group Inc. now owns 36,805 shares of the transportation company’s stock valued at $5,470,000 after acquiring an additional 20,717 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of United Parcel Service by 51.0% during the first quarter. Lake Street Advisors Group LLC now owns 5,182 shares of the transportation company’s stock worth $770,000 after purchasing an additional 1,751 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of United Parcel Service by 0.4% in the first quarter. National Bank of Canada FI now owns 342,024 shares of the transportation company’s stock worth $50,403,000 after purchasing an additional 1,286 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Oppenheimer raised their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their target price on 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 decreased their target price 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. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Trading Up 2.0 %

Shares of United Parcel Service stock opened at $135.13 on Tuesday. The stock has a market capitalization of $115.32 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The stock has a 50 day moving average price of $132.63 and a two-hundred day moving average price of $134.51. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

United Parcel Service Company 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.