Traynor Capital Management Inc. Has $493,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Traynor Capital Management Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,614 shares of the transportation company’s stock after selling 1,084 shares during the period. Traynor Capital Management Inc.’s holdings in United Parcel Service were worth $493,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UPS. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC grew its position in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of United Parcel Service by 168.5% during the second 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 lifted its holdings in 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 last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped 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. Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. TD Cowen assumed coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Oppenheimer lifted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stifel Nicolaus increased their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Performance

Shares of UPS stock opened at $135.34 on Tuesday. The firm has a market capitalization of $115.93 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $131.02 and its 200-day moving average price is $135.81. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate 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 business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the company earned $1.57 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 7.41 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.82%. The ex-dividend date was Monday, August 19th. 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.