Maltin Wealth Management Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,952 shares of the transportation company’s stock after purchasing an additional 342 shares during the quarter. United Parcel Service comprises 1.3% of Maltin Wealth Management Inc.’s investment portfolio, making the stock its 28th largest holding. Maltin Wealth Management Inc.’s holdings in United Parcel Service were worth $2,584,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Successful Portfolios LLC grew its stake in United Parcel Service by 3.0% in the 3rd quarter. Successful Portfolios LLC now owns 2,889 shares of the transportation company’s stock valued at $394,000 after acquiring an additional 85 shares during the last quarter. Virginia Wealth Management Group Inc. boosted its stake in shares of United Parcel Service by 40.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 19,502 shares of the transportation company’s stock worth $2,659,000 after purchasing an additional 5,634 shares during the last quarter. Independence Bank of Kentucky boosted its stake in shares of United Parcel Service by 21.5% during the 3rd quarter. Independence Bank of Kentucky now owns 20,259 shares of the transportation company’s stock worth $2,762,000 after purchasing an additional 3,580 shares during the last quarter. Clarius Group LLC boosted its position in shares of United Parcel Service by 4.8% in the third quarter. Clarius Group LLC now owns 3,054 shares of the transportation company’s stock worth $388,000 after acquiring an additional 139 shares during the last quarter. Finally, Stolper Co raised its holdings in United Parcel Service by 0.4% in the third quarter. Stolper Co now owns 34,920 shares of the transportation company’s stock valued at $4,761,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.
Analysts Set New Price Targets
UPS has been the topic of a number of analyst reports. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Bank of America decreased their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company lifted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays decreased their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.24.
United Parcel Service Trading Up 1.0 %
United Parcel Service stock traded up $1.33 during mid-day trading on Friday, hitting $134.17. The stock had a trading volume of 759,275 shares, compared to its average volume of 4,201,683. The stock has a 50-day simple moving average of $129.08 and a two-hundred day simple moving average of $137.23. The stock has a market capitalization of $114.93 billion, a PE ratio of 21.90, a P/E/G ratio of 1.96 and a beta of 0.99. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.
United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.42 EPS for the current year.
United Parcel Service Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s dividend payout ratio is 106.36%.
Insider Buying and Selling at United Parcel Service
In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
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.
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