Chevy Chase Trust Holdings LLC Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Chevy Chase Trust Holdings LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 394,337 shares of the transportation company’s stock after selling 5,472 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in United Parcel Service were worth $53,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the second quarter worth $28,000. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter worth about $32,000. Centerpoint Advisors LLC grew its position 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 valued at $32,000 after acquiring an additional 175 shares during the period. Finally, Princeton Global Asset Management LLC increased its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America increased their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Evercore ISI increased their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Citigroup cut their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 1.2 %

Shares of NYSE:UPS opened at $134.03 on Tuesday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market cap of $114.38 billion, a P/E ratio of 20.25, a PEG ratio of 2.23 and a beta of 0.98. The business has a fifty day moving average of $133.55 and a two-hundred day moving average of $133.67. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.