Klingenstein Fields & Co. LP Sells 125,744 Shares of United Parcel Service, Inc. (NYSE:UPS)

Klingenstein Fields & Co. LP lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 81.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,413 shares of the transportation company’s stock after selling 125,744 shares during the period. Klingenstein Fields & Co. LP’s holdings in United Parcel Service were worth $3,874,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Intact Investment Management Inc. lifted its holdings in United Parcel Service by 22.2% during the 3rd quarter. Intact Investment Management Inc. now owns 102,510 shares of the transportation company’s stock worth $13,976,000 after buying an additional 18,650 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of United Parcel Service by 5.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 62,953 shares of the transportation company’s stock worth $8,583,000 after acquiring an additional 3,416 shares during the period. Van ECK Associates Corp boosted its holdings in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Latitude Advisors LLC increased its position in United Parcel Service by 5.6% during the 3rd quarter. Latitude Advisors LLC now owns 1,820 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 97 shares during the period. Finally, New Covenant Trust Company N.A. raised its holdings in United Parcel Service by 15.4% during the 3rd quarter. New Covenant Trust Company N.A. now owns 2,661 shares of the transportation company’s stock worth $357,000 after purchasing an additional 355 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. TD Cowen assumed coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. The Goldman Sachs Group dropped their price objective 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. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Trading Up 0.3 %

UPS opened at $134.50 on Monday. The firm has a market capitalization of $115.21 billion, a PE ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company’s 50-day moving average is $131.51 and its 200 day moving average is $135.53.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during 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 company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced 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 of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.85%. United Parcel Service’s payout ratio is 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.