SageView Advisory Group LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 17.6% during the third quarter, HoldingsChannel reports. The firm owned 8,174 shares of the transportation company’s stock after selling 1,743 shares during the period. SageView Advisory Group LLC’s holdings in United Parcel Service were worth $1,114,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter valued at about $28,000. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. Riverview Trust Co purchased a new stake in United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC raised its stake in 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 acquiring an additional 175 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Price Performance
UPS opened at $127.63 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $108.92 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The company’s 50 day simple moving average is $133.49 and its 200-day simple moving average is $133.35. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.
United Parcel Service Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.11%. United Parcel Service’s dividend payout ratio is currently 98.49%.
Insider Transactions at United Parcel Service
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on UPS shares. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Citigroup reduced their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company raised their price objective on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.
Read Our Latest Stock Analysis on UPS
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.
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