Centric Wealth Management Sells 6,596 Shares of United Parcel Service, Inc. (NYSE:UPS)

Centric Wealth Management lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349,416 shares of the transportation company’s stock after selling 6,596 shares during the period. United Parcel Service accounts for 12.0% of Centric Wealth Management’s portfolio, making the stock its largest holding. Centric Wealth Management’s holdings in United Parcel Service were worth $46,794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Isthmus Partners LLC increased its holdings in United Parcel Service by 3.2% in the third quarter. Isthmus Partners LLC now owns 101,147 shares of the transportation company’s stock worth $13,790,000 after buying an additional 3,090 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in United Parcel Service by 44.4% in the third quarter. Northwest & Ethical Investments L.P. now owns 55,829 shares of the transportation company’s stock worth $7,612,000 after buying an additional 17,155 shares during the last quarter. Financial Counselors Inc. increased its holdings in United Parcel Service by 2.2% in the third quarter. Financial Counselors Inc. now owns 117,617 shares of the transportation company’s stock worth $16,036,000 after buying an additional 2,584 shares during the last quarter. Public Sector Pension Investment Board boosted its position in United Parcel Service by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock worth $4,402,000 after purchasing an additional 4,100 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in United Parcel Service by 6.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock worth $632,518,000 after purchasing an additional 292,777 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.5 %

UPS opened at $135.68 on Friday. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average price is $133.41 and its two-hundred day moving average price is $133.97. The company has a market capitalization of $115.79 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations 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 revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $1.57 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s payout ratio is presently 98.49%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America upped 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. Wells Fargo & Company upped their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI upped their target price 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. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.