Physicians Financial Services Inc. Sells 1,349 Shares of United Parcel Service, Inc. (NYSE:UPS)

Physicians Financial Services Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,897 shares of the transportation company’s stock after selling 1,349 shares during the quarter. Physicians Financial Services Inc.’s holdings in United Parcel Service were worth $2,713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. TruNorth Capital Management LLC acquired a new position in United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new position in United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares in the last quarter. Finally, PSI Advisors LLC grew its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America increased their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Down 0.7 %

Shares of UPS traded down $0.95 during trading hours on Friday, reaching $133.20. The stock had a trading volume of 192,790 shares, compared to its average volume of 4,161,781. The firm has a 50-day simple moving average of $131.83 and a 200 day simple moving average of $135.39. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $114.10 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.