Praxis Investment Management Inc. Decreases Holdings in United Parcel Service, Inc. $UPS

Praxis Investment Management Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 60.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,310 shares of the transportation company’s stock after selling 12,490 shares during the quarter. Praxis Investment Management Inc.’s holdings in United Parcel Service were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. Vanguard Group Inc. lifted its holdings in shares of United Parcel Service by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock worth $6,753,405,000 after acquiring an additional 768,912 shares during the last quarter. State Street Corp raised its position in United Parcel Service by 1.5% in the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after purchasing an additional 444,384 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after purchasing an additional 746,667 shares during the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 4.8% in the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after purchasing an additional 762,407 shares during the last quarter. Finally, Norges Bank purchased a new stake in United Parcel Service during the second quarter valued at about $851,842,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of UPS stock opened at $100.21 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The firm has a market cap of $85.02 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.41 and a beta of 1.11. The business’s 50 day moving average price is $92.67 and its 200-day moving average price is $92.66.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analyst Ratings Changes

Several research firms have recently commented on UPS. Citigroup lifted their price objective on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Susquehanna raised their price target on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. UBS Group lifted their price target on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Bank of America cut their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.00.

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.