United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,744 shares of the transportation company’s stock after selling 389 shares during the quarter. Adirondack Trust Co.’s holdings in United Parcel Service were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Allworth Financial LP grew its position in United Parcel Service by 21.0% during the third quarter. Allworth Financial LP now owns 610 shares of the transportation company’s stock worth $73,000 after buying an additional 106 shares during the period. Crossmark Global Holdings Inc. grew its position in United Parcel Service by 7.1% during the third quarter. Crossmark Global Holdings Inc. now owns 129,458 shares of the transportation company’s stock worth $15,512,000 after buying an additional 8,627 shares during the period. Intercontinental Wealth Advisors LLC grew its position in United Parcel Service by 11.2% during the third quarter. Intercontinental Wealth Advisors LLC now owns 1,837 shares of the transportation company’s stock worth $220,000 after buying an additional 185 shares during the period. Pennsylvania Trust Co grew its position in United Parcel Service by 3.6% during the third quarter. Pennsylvania Trust Co now owns 176,760 shares of the transportation company’s stock worth $21,179,000 after buying an additional 6,084 shares during the period. Finally, Nachman Norwood & Parrott Inc grew its position in United Parcel Service by 13.4% during the third quarter. Nachman Norwood & Parrott Inc now owns 2,580 shares of the transportation company’s stock worth $309,000 after buying an additional 305 shares during the period. Institutional investors own 55.27% of the company’s stock.

Several research analysts have weighed in on UPS shares. Bank of America upped their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. set a $135.00 price target on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Friday, October 4th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price target on the stock. Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Monday, August 26th. Finally, Loop Capital set a $140.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $120.46.

Shares of UPS stock traded up $1.12 during trading hours on Wednesday, hitting $113.86. The company’s stock had a trading volume of 2,316,040 shares, compared to its average volume of 3,245,305. The business has a fifty day moving average of $118.20 and a 200-day moving average of $109.44. The stock has a market cap of $100.89 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.79 and a beta of 1.24. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $123.63. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The business had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same period in the prior year, the business earned $1.94 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

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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