Chaney Capital Management Inc. Sells 300 Shares of United Parcel Service, Inc. (NYSE:UPS)

Chaney Capital Management Inc. reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 12.9% in the third quarter, HoldingsChannel reports. The firm owned 2,020 shares of the transportation company’s stock after selling 300 shares during the period. Chaney Capital Management Inc.’s holdings in United Parcel Service were worth $275,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service during the second quarter worth approximately $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC raised its position in shares of 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 purchasing an additional 175 shares during the period. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. Finally, Tortoise Investment Management LLC raised its position 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. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 0.3 %

UPS stock opened at $134.50 on Monday. 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 company has a market capitalization of $115.21 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a fifty day moving average of $131.51 and a 200-day moving average of $135.53.

United Parcel Service (NYSE:UPS) last issued 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 return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the company earned $1.57 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 yield of 4.85%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UPS shares. BMO Capital Markets lowered their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI increased their price target 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. Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Oppenheimer upped their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Company 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.