Gamble Jones Investment Counsel Sells 100 Shares of United Parcel Service, Inc. (NYSE:UPS)

Gamble Jones Investment Counsel reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,533 shares of the transportation company’s stock after selling 100 shares during the period. Gamble Jones Investment Counsel’s holdings in United Parcel Service were worth $1,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. Capital Advisors Ltd. LLC lifted its stake in United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares in the last quarter. Kavar Capital Partners LLC bought a new position in United Parcel Service during the 2nd quarter valued at $38,000. NumerixS Investment Technologies Inc bought a new position in United Parcel Service during the 2nd quarter valued at $38,000. Earnest Partners LLC bought a new position in United Parcel Service during the 2nd quarter valued at $40,000. Finally, Orrstown Financial Services Inc. lifted its stake in United Parcel Service by 41.7% during the 2nd quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 55.30% of the company’s stock.

In related news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

UPS has been the topic of several recent analyst reports. Raymond James raised their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Credit Suisse Group dropped their price objective on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. UBS Group set a $136.00 price objective on United Parcel Service and gave the company a “buy” rating in a research note on Friday, November 1st. Loop Capital set a $140.00 price objective on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Bank of America raised their target price on United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $121.99.

Shares of United Parcel Service stock traded up $0.81 during trading hours on Friday, hitting $124.30. 2,161,297 shares of the company’s stock traded hands, compared to its average volume of 3,229,216. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.31. The stock has a market capitalization of $104.24 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.84 and a beta of 1.22. The company has a fifty day simple moving average of $117.75 and a 200-day simple moving average of $110.24. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.35 billion. During the same period last year, the firm posted $1.82 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, November 15th. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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