Florida Trust Wealth Management Co Decreases Stock Position in United Parcel Service, Inc. $UPS

Florida Trust Wealth Management Co decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,584 shares of the transportation company’s stock after selling 10,353 shares during the period. Florida Trust Wealth Management Co’s holdings in United Parcel Service were worth $5,812,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tred Avon Family Wealth LLC acquired a new position in shares of United Parcel Service in the third quarter worth about $627,000. CFC Planning Co LLC increased its holdings in United Parcel Service by 6.3% during the 3rd quarter. CFC Planning Co LLC now owns 17,585 shares of the transportation company’s stock worth $1,469,000 after purchasing an additional 1,048 shares during the last quarter. BLVD Private Wealth LLC increased its holdings in United Parcel Service by 55.3% during the 3rd quarter. BLVD Private Wealth LLC now owns 22,765 shares of the transportation company’s stock worth $1,902,000 after purchasing an additional 8,109 shares during the last quarter. LJI Wealth Management LLC acquired a new position in shares of United Parcel Service in the 3rd quarter valued at approximately $603,000. Finally, Stegent Equity Advisors Inc. purchased a new position in shares of United Parcel Service during the 3rd quarter valued at approximately $308,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $106.89 on Monday. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.33 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’s 50-day moving average price is $99.20 and its 200 day moving average price is $93.15. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.United Parcel Service’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current 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 $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

A number of analysts recently issued reports on UPS shares. UBS Group lifted their price target on shares of United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company upped their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Citigroup lifted their price target on United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Susquehanna boosted their price objective on United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.42.

United Parcel Service Company 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.