Lynch & Associates IN Has $3.77 Million Holdings in United Parcel Service, Inc. $UPS

Lynch & Associates IN decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,166 shares of the transportation company’s stock after selling 8,643 shares during the period. Lynch & Associates IN’s holdings in United Parcel Service were worth $3,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ransom Advisory Ltd lifted its holdings in United Parcel Service by 29.1% during the 3rd quarter. Ransom Advisory Ltd now owns 2,887 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 650 shares during the last quarter. Wynn Capital LLC increased its holdings in shares of United Parcel Service by 9.6% in the third quarter. Wynn Capital LLC now owns 3,035 shares of the transportation company’s stock valued at $254,000 after purchasing an additional 267 shares during the last quarter. Canandaigua National Trust Co of Florida raised its position in shares of United Parcel Service by 41.5% in the third quarter. Canandaigua National Trust Co of Florida now owns 13,533 shares of the transportation company’s stock valued at $1,130,000 after purchasing an additional 3,971 shares during the period. Canandaigua National Bank & Trust Co. lifted its stake in shares of United Parcel Service by 51.1% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 31,450 shares of the transportation company’s stock worth $2,627,000 after buying an additional 10,633 shares during the last quarter. Finally, Sage Capital Advisors llc boosted its holdings in shares of United Parcel Service by 0.9% during the 3rd quarter. Sage Capital Advisors llc now owns 74,244 shares of the transportation company’s stock worth $6,202,000 after buying an additional 680 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $100.15 on Wednesday. The business has a fifty day moving average price of $92.95 and a two-hundred day moving average price of $92.68. The stock has a market capitalization of $84.97 billion, a PE ratio of 15.48, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the business earned $1.76 earnings per share. United Parcel Service’s revenue was down 3.7% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.6%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Bank of America lowered their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Citigroup increased their target price on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Susquehanna increased their price objective on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $110.09.

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.