Bard Financial Services Inc. Sells 31,900 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bard Financial Services Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 90.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,425 shares of the transportation company’s stock after selling 31,900 shares during the quarter. Bard Financial Services Inc.’s holdings in United Parcel Service were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Cullen Investment Group LTD. boosted its position in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 68 shares during the period. Blackston Financial Advisory Group LLC raised its position in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of United Parcel Service by 2.2% in the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after buying an additional 70 shares during the period. Moody National Bank Trust Division grew its position in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after buying an additional 71 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after acquiring an additional 73 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UPS. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Susquehanna reduced their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Bank of America dropped their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Barclays dropped their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Trading Up 0.4 %

NYSE UPS opened at $131.25 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a fifty day simple moving average of $128.89 and a two-hundred day simple moving average of $137.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $112.29 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.54 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.97%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.