Vestor Capital LLC Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Vestor Capital LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 10.7% in the 3rd quarter, Holdings Channel reports. The firm owned 1,365 shares of the transportation company’s stock after selling 164 shares during the quarter. Vestor Capital LLC’s holdings in United Parcel Service were worth $186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the second quarter worth about $28,000. Riverview Trust Co purchased a new position in United Parcel Service in the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% during the 2nd 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 last quarter. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in 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 buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stephens reduced their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. UBS Group increased their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Price Performance

Shares of UPS opened at $134.50 on Monday. The company has a market cap of $115.21 billion, a P/E 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 company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average price is $131.51 and its 200 day moving average price is $135.53.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates 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 revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors 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 dividend on an annualized basis and a yield of 4.85%. United Parcel Service’s dividend 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.