Praxis Investment Management Inc. Sells 12,490 Shares of United Parcel Service, Inc. $UPS

Praxis Investment Management Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 60.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,310 shares of the transportation company’s stock after selling 12,490 shares during the quarter. Praxis Investment Management Inc.’s holdings in United Parcel Service were worth $694,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of United Parcel Service by 7.7% in the first quarter. EverSource Wealth Advisors LLC now owns 4,184 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 299 shares in the last quarter. Ethic Inc. raised its stake in shares of United Parcel Service by 4.4% during the 1st quarter. Ethic Inc. now owns 27,535 shares of the transportation company’s stock valued at $3,008,000 after purchasing an additional 1,170 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of United Parcel Service by 2.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 72,174 shares of the transportation company’s stock valued at $7,938,000 after purchasing an additional 1,786 shares during the period. Finally, Versor Investments LP purchased a new stake in United Parcel Service during the 1st quarter worth about $344,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.7%

UPS stock opened at $100.21 on Tuesday. The company’s 50 day moving average is $92.67 and its 200 day moving average is $92.66. The stock has a market cap of $85.02 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99.

United Parcel Service (NYSE:UPS) last released 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. The business had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.5%. United Parcel Service’s payout ratio is 101.39%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Stephens raised shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus lowered their target price on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.00.

About United Parcel Service

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.