United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,240 shares of the transportation company’s stock after selling 84 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in United Parcel Service were worth $1,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Norden Group LLC grew its holdings in United Parcel Service by 32.2% during the first quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock worth $855,000 after acquiring an additional 1,401 shares during the period. Mutual Advisors LLC raised its holdings in shares of United Parcel Service by 15.8% in the 1st quarter. Mutual Advisors LLC now owns 14,427 shares of the transportation company’s stock worth $2,144,000 after purchasing an additional 1,972 shares in the last quarter. GSA Capital Partners LLP lifted its stake in United Parcel Service by 186.1% during the first quarter. GSA Capital Partners LLP now owns 6,235 shares of the transportation company’s stock valued at $927,000 after purchasing an additional 4,056 shares during the last quarter. Commerce Bank boosted its holdings in United Parcel Service by 4.0% during the first quarter. Commerce Bank now owns 92,794 shares of the transportation company’s stock worth $13,792,000 after buying an additional 3,573 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in United Parcel Service by 87.5% in the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,856 shares of the transportation company’s stock worth $870,000 after buying an additional 2,732 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.8 %

NYSE:UPS opened at $133.00 on Tuesday. The company has a market capitalization of $113.93 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.21 and a beta of 0.99. The stock’s 50 day moving average price is $131.58 and its 200 day moving average price is $135.46. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the business posted $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal 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 given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UPS. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on 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. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.71.

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.