United Parcel Service, Inc. $UPS Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 28,024 shares of the transportation company’s stock after selling 7,888 shares during the quarter. Bar Harbor Wealth Management’s holdings in United Parcel Service were worth $2,341,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evelyn Partners Investment Management Europe Ltd raised its position in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $26,000. Saudi Central Bank acquired a new position in shares of United Parcel Service in the 1st quarter worth approximately $32,000. Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $33,000. Finally, RMG Wealth Management LLC acquired a new stake in United Parcel Service during the second quarter valued at approximately $34,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. Truist Financial lifted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Susquehanna boosted their target price 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. Stifel Nicolaus upped their target price on United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Citigroup lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.09.

United Parcel Service Trading Up 0.4%

NYSE:UPS opened at $100.58 on Thursday. The stock has a market cap of $85.33 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s 50-day moving average is $94.97 and its two-hundred day moving average is $92.86.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (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 analyst estimates of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

United Parcel Service Profile

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.