Aevitas Wealth Management Inc. Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Aevitas Wealth Management Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,018 shares of the transportation company’s stock after selling 136 shares during the quarter. United Parcel Service makes up approximately 1.1% of Aevitas Wealth Management Inc.’s holdings, making the stock its 25th biggest holding. Aevitas Wealth Management Inc.’s holdings in United Parcel Service were worth $1,336,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. First Midwest Bank Trust Division lifted its stake in shares of United Parcel Service by 2.8% during the 3rd quarter. First Midwest Bank Trust Division now owns 2,290 shares of the transportation company’s stock worth $382,000 after purchasing an additional 63 shares during the period. Aries Wealth Management raised its stake in United Parcel Service by 3.5% during the third quarter. Aries Wealth Management now owns 1,931 shares of the transportation company’s stock worth $322,000 after purchasing an additional 65 shares during the period. Cardinal Capital Management raised its stake in United Parcel Service by 0.4% during the third quarter. Cardinal Capital Management now owns 17,846 shares of the transportation company’s stock worth $2,974,000 after purchasing an additional 65 shares during the period. Cerity Partners LLC boosted its holdings in shares of United Parcel Service by 2.9% in the 2nd quarter. Cerity Partners LLC now owns 2,442 shares of the transportation company’s stock valued at $271,000 after purchasing an additional 68 shares during the last quarter. Finally, Lenox Wealth Advisors LLC grew its stake in shares of United Parcel Service by 19.6% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 415 shares of the transportation company’s stock valued at $69,000 after buying an additional 68 shares during the period. 55.67% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on UPS. Stephens lifted their target price on United Parcel Service from $105.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Citigroup lifted their price objective on United Parcel Service from $150.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $177.00 target price for the company. in a research report on Tuesday, September 29th. Barclays raised shares of United Parcel Service from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $135.00 to $160.00 in a research report on Friday, October 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of United Parcel Service from $119.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $145.71.

In related news, insider Kathleen M. Gutmann sold 7,766 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $156.77, for a total transaction of $1,217,475.82. Also, Director David P. Abney sold 62,700 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $160.56, for a total transaction of $10,067,112.00. Over the last 90 days, insiders sold 80,291 shares of company stock worth $12,848,237. 0.57% of the stock is owned by insiders.

UPS stock traded down $1.09 during midday trading on Friday, hitting $171.90. 2,763,083 shares of the company’s stock were exchanged, compared to its average volume of 3,517,596. The firm has a 50 day moving average price of $166.32 and a 200-day moving average price of $128.87. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $178.01. The stock has a market capitalization of $148.42 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.30.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $1.06. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The company had revenue of $20.46 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 6.98 EPS for the current fiscal year.

About United Parcel Service

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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