Noesis Capital Mangement Corp Trims Holdings in United Parcel Service, Inc. (NYSE:UPS)

Noesis Capital Mangement Corp lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 60,467 shares of the transportation company’s stock after selling 899 shares during the quarter. United Parcel Service makes up about 1.6% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 26th largest holding. Noesis Capital Mangement Corp’s holdings in United Parcel Service were worth $8,244,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UPS. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the 2nd quarter valued at $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Princeton Global Asset Management LLC raised its stake in 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 buying an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several research reports. Wells Fargo & Company increased their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. UBS Group increased their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer boosted their target price on shares of 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 price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $135.69 on Thursday. The firm’s 50-day moving average price is $133.34 and its 200-day moving average price is $133.96. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a market cap of $115.79 billion, a PE ratio of 20.50, a PEG ratio of 2.26 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is 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.