United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,240 shares of the transportation company’s stock after selling 100 shares during the quarter. United Parcel Service comprises approximately 1.3% of Bernardo Wealth Planning LLC’s holdings, making the stock its 16th largest position. Bernardo Wealth Planning LLC’s holdings in United Parcel Service were worth $1,826,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of United Parcel Service by 0.6% in the second quarter. Vanguard Group Inc. now owns 55,758,854 shares of the transportation company’s stock valued at $5,758,216,000 after buying an additional 352,497 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of United Parcel Service by 36.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock valued at $1,217,400,000 after buying an additional 3,155,121 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of United Parcel Service by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 7,112,998 shares of the transportation company’s stock valued at $734,559,000 after buying an additional 232,764 shares during the period. Invesco Ltd. lifted its holdings in shares of United Parcel Service by 47.3% in the second quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock valued at $664,353,000 after buying an additional 2,064,682 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 4.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,288,435 shares of the transportation company’s stock valued at $546,137,000 after buying an additional 224,356 shares during the period. Institutional investors own 55.30% of the company’s stock.

Several analysts have recently weighed in on UPS shares. Wells Fargo & Co started coverage on United Parcel Service in a report on Monday, October 28th. They issued an “outperform” rating and a $138.00 price objective for the company. Goldman Sachs Group started coverage on United Parcel Service in a report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price objective for the company. GMP Securities upgraded United Parcel Service to a “reduce” rating in a report on Monday, October 28th. Daiwa Capital Markets upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Monday, August 26th. Finally, Raymond James upped their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $121.99.

In other news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Shares of NYSE UPS opened at $121.95 on Thursday. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $123.78. The company has a market cap of $102.62 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.82 and a beta of 1.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The business has a fifty day simple moving average of $117.59 and a 200-day simple moving average of $110.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The business had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $18.35 billion. During the same period in the prior year, the business posted $1.82 earnings per share. United Parcel Service’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Recommended Story: Call Option

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.