Cambiar Investors LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Cambiar Investors LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,576 shares of the transportation company’s stock after selling 102 shares during the period. Cambiar Investors LLC’s holdings in United Parcel Service were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UPS. Norden Group LLC lifted its holdings in shares of United Parcel Service by 32.2% in the 1st quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock worth $855,000 after buying an additional 1,401 shares during the period. Harbor Advisors LLC purchased a new stake in United Parcel Service in the first quarter worth about $297,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in United Parcel Service by 11.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,983 shares of the transportation company’s stock worth $2,524,000 after acquiring an additional 1,696 shares in the last quarter. Choreo LLC increased its position in United Parcel Service by 0.4% during the 1st quarter. Choreo LLC now owns 138,267 shares of the transportation company’s stock valued at $20,550,000 after purchasing an additional 509 shares during the period. Finally, Fidelis Capital Partners LLC lifted its position in shares of United Parcel Service by 16.0% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,810 shares of the transportation company’s stock worth $418,000 after purchasing an additional 387 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 0.0 %

NYSE:UPS 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. The company’s fifty day moving average price is $131.51 and its 200-day moving average price is $135.63. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market capitalization of $114.82 billion, a P/E ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UPS. Oppenheimer boosted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Evercore ISI lifted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.