Clifford Swan Investment Counsel LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 714,613 shares of the transportation company’s stock after purchasing an additional 10,098 shares during the period. United Parcel Service makes up 5.4% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 2nd biggest position. Clifford Swan Investment Counsel LLC’s holdings in United Parcel Service were worth $115,439,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Coston McIsaac & Partners bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $26,000. Worth Asset Management LLC bought a new position in shares of United Parcel Service during the 1st quarter valued at about $27,000. Winch Advisory Services LLC lifted its holdings in shares of United Parcel Service by 334.1% during the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 137 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $36,000. Finally, WFA of San Diego LLC bought a new stake in United Parcel Service in the 2nd quarter valued at approximately $42,000. Institutional investors own 58.92% of the company’s stock.
United Parcel Service Price Performance
Shares of UPS stock traded down $3.89 on Wednesday, hitting $176.10. 163,971 shares of the company’s stock were exchanged, compared to its average volume of 2,367,586. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.39 and a quick ratio of 1.39. United Parcel Service, Inc. has a 12 month low of $154.87 and a 12 month high of $233.72. The stock has a market cap of $152.31 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.12. The company has a 50 day moving average of $179.48 and a 200 day moving average of $180.93.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Monday, November 14th were given a $1.52 dividend. The ex-dividend date was Thursday, November 10th. This represents a $6.08 annualized dividend and a yield of 3.45%. United Parcel Service’s dividend payout ratio is presently 47.65%.
Analysts Set New Price Targets
Several equities research analysts have commented on UPS shares. Morgan Stanley cut their target price on United Parcel Service from $148.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, October 3rd. Susquehanna boosted their target price on United Parcel Service from $160.00 to $165.00 in a research note on Wednesday, October 26th. Raymond James boosted their target price on United Parcel Service from $205.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 26th. BNP Paribas cut United Parcel Service from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 30th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $227.00 to $207.00 in a research note on Tuesday, October 25th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $200.41.
About United Parcel Service
United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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