JFS Wealth Advisors LLC Sells 130 Shares of United Parcel Service, Inc. (NYSE:UPS)

JFS Wealth Advisors LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,072 shares of the transportation company’s stock after selling 130 shares during the quarter. JFS Wealth Advisors LLC’s holdings in United Parcel Service were worth $555,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Marshall Wace LLP raised its holdings in United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. Spirepoint Private Client LLC bought a new position in United Parcel Service during the first quarter worth $160,787,000. Assenagon Asset Management S.A. lifted its holdings in United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after buying an additional 1,059,339 shares during the period. Finally, Interval Partners LP bought a new stake in United Parcel Service during the first quarter valued at $90,099,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UPS shares. Stephens cut their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Barclays reiterated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Citigroup initiated 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. Finally, The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. 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. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Price Performance

NYSE:UPS opened at $134.05 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a fifty day moving average of $131.38 and a 200 day moving average of $135.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The firm has a market capitalization of $114.82 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the company earned $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared 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. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 98.49%.

United Parcel Service Profile

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.