United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 50.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,951 shares of the transportation company’s stock after selling 1,991 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in United Parcel Service were worth $266,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co purchased a new stake in United Parcel Service during the second quarter valued at about $32,000. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Stephens Consulting LLC raised its holdings in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.6 %

NYSE:UPS opened at $137.47 on Friday. 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 50 day moving average of $130.73 and a 200-day moving average of $136.17. The firm has a market capitalization of $117.75 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the company earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.74%. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday. Bank of America increased their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday. Citigroup initiated coverage on United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.43.

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.