United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 90.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,425 shares of the transportation company’s stock after selling 31,900 shares during the period. Bard Financial Services Inc.’s holdings in United Parcel Service were worth $467,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UPS. Soltis Investment Advisors LLC raised its holdings in United Parcel Service by 5.4% in the third quarter. Soltis Investment Advisors LLC now owns 33,580 shares of the transportation company’s stock valued at $4,578,000 after acquiring an additional 1,719 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in United Parcel Service by 1.5% in the third quarter. Rehmann Capital Advisory Group now owns 15,845 shares of the transportation company’s stock valued at $2,160,000 after acquiring an additional 229 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in United Parcel Service by 5.2% in the third quarter. Sunbelt Securities Inc. now owns 17,492 shares of the transportation company’s stock valued at $2,385,000 after acquiring an additional 862 shares in the last quarter. Toronto Dominion Bank raised its holdings in United Parcel Service by 52.8% in the third quarter. Toronto Dominion Bank now owns 369,597 shares of the transportation company’s stock valued at $50,391,000 after acquiring an additional 127,734 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in United Parcel Service by 15.4% in the third quarter. Coldstream Capital Management Inc. now owns 13,027 shares of the transportation company’s stock valued at $1,774,000 after acquiring an additional 1,742 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.29.

United Parcel Service Stock Performance

NYSE:UPS opened at $129.12 on Thursday. The firm’s fifty day moving average price is $133.10 and its 200 day moving average price is $132.90. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $110.19 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the company earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.