Confluence Wealth Services Inc. Has $1.69 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Confluence Wealth Services Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.6% in the 3rd quarter, Holdings Channel reports. The firm owned 12,380 shares of the transportation company’s stock after selling 870 shares during the period. Confluence Wealth Services Inc.’s holdings in United Parcel Service were worth $1,688,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. raised its holdings in shares of United Parcel Service by 15.4% during the 3rd quarter. New Covenant Trust Company N.A. now owns 2,661 shares of the transportation company’s stock worth $357,000 after buying an additional 355 shares in the last quarter. Private Wealth Partners LLC grew its position in United Parcel Service by 61.8% in the third quarter. Private Wealth Partners LLC now owns 4,450 shares of the transportation company’s stock valued at $607,000 after acquiring an additional 1,700 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in United Parcel Service by 16.9% during the third quarter. Clear Creek Financial Management LLC now owns 3,048 shares of the transportation company’s stock worth $416,000 after acquiring an additional 441 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of United Parcel Service by 7.6% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,237 shares of the transportation company’s stock valued at $987,000 after purchasing an additional 509 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $134.05 on Friday. The business has a 50-day moving average price of $131.51 and a two-hundred day moving average price of $135.58. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year 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 cap of $114.82 billion, a P/E ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. BMO Capital Markets dropped their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Oppenheimer raised their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America increased their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group reduced their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Company 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.