Valley Wealth Managers Inc. Has $3.73 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Valley Wealth Managers Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,319 shares of the transportation company’s stock after acquiring an additional 1,317 shares during the quarter. Valley Wealth Managers Inc.’s holdings in United Parcel Service were worth $3,725,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the second quarter worth $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC boosted its stake in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on UPS shares. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Citigroup lowered their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday. Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company increased their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given 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, the company presently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Down 0.1 %

Shares of NYSE UPS traded down $0.17 during midday trading on Friday, hitting $132.47. 325,805 shares of the stock traded hands, compared to its average volume of 4,154,532. The company has a market cap of $113.47 billion, a PE ratio of 20.11, a P/E/G ratio of 2.19 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The business has a 50 day moving average price of $132.37 and a two-hundred day moving average price of $134.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.