LongView Wealth Management Decreases Stock Holdings in United Parcel Service, Inc. $UPS

LongView Wealth Management lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 37.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,696 shares of the transportation company’s stock after selling 9,812 shares during the period. LongView Wealth Management’s holdings in United Parcel Service were worth $1,395,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. CW Advisors LLC boosted its stake in shares of United Parcel Service by 209.1% in the 1st quarter. CW Advisors LLC now owns 32,759 shares of the transportation company’s stock worth $3,648,000 after buying an additional 22,161 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of United Parcel Service by 182.9% in the first quarter. AlphaQuest LLC now owns 6,530 shares of the transportation company’s stock worth $718,000 after acquiring an additional 4,222 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in United Parcel Service by 16.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 59,102 shares of the transportation company’s stock valued at $6,501,000 after acquiring an additional 8,227 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in United Parcel Service by 2.3% in the first quarter. Smartleaf Asset Management LLC now owns 6,154 shares of the transportation company’s stock worth $675,000 after purchasing an additional 139 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UPS has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. BMO Capital Markets reissued a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Citigroup raised their target price on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Truist Financial lifted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Susquehanna increased their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.09.

United Parcel Service Trading Down 0.1%

UPS stock opened at $101.93 on Monday. 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 1-year low of $82.00 and a 1-year high of $136.99. The business has a 50 day simple moving average of $93.97 and a two-hundred day simple moving average of $92.76. The company has a market capitalization of $86.48 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.43 and a beta of 1.11.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio is 101.39%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.