Godsey & Gibb Associates decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,405 shares of the transportation company’s stock after selling 10,495 shares during the period. United Parcel Service accounts for 2.5% of Godsey & Gibb Associates’ holdings, making the stock its 16th biggest position. Godsey & Gibb Associates’ holdings in United Parcel Service were worth $14,339,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State of Wisconsin Investment Board lifted its position in United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after acquiring an additional 239,350 shares during the last quarter. Brookstone Capital Management lifted its position in United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of United Parcel Service by 9.4% in the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after buying an additional 5,325 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of United Parcel Service in the third quarter worth $8,978,000. 53.49% of the stock is owned by institutional investors.

A number of research analysts have issued reports on UPS shares. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price target for the company. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target for the company in a report on Tuesday. Finally, Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $125.00 to $135.00 in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $121.39.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $118.26 on Wednesday. The firm has a market cap of $102,235.64, a price-to-earnings ratio of 28.99, a PEG ratio of 2.13 and a beta of 0.92. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. research analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. United Parcel Service’s payout ratio is currently 81.37%.

COPYRIGHT VIOLATION NOTICE: “Godsey & Gibb Associates Has $14.34 Million Position in United Parcel Service, Inc. (UPS)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://theolympiareport.com/2017/12/27/godsey-gibb-associates-has-14-34-million-position-in-united-parcel-service-inc-ups.html.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with Analyst Ratings Network's FREE daily email newsletter.