United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Americana Partners LLC

Americana Partners LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,297 shares of the transportation company’s stock after selling 329 shares during the quarter. Americana Partners LLC’s holdings in United Parcel Service were worth $2,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the 2nd quarter worth $28,000. Riverview Trust Co purchased a new position in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC grew its holdings in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the period. Finally, PSI Advisors LLC grew its holdings in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.0 %

United Parcel Service stock opened at $134.05 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $114.82 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock’s 50 day moving average price is $131.51 and its 200 day moving average price is $135.63.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s payout ratio is 98.49%.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. Robert W. Baird lowered their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Citigroup initiated coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price for the company. BMO Capital Markets lowered their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company raised their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.71.

About United Parcel Service

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.