Capital Square LLC Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Capital Square LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,142 shares of the transportation company’s stock after selling 532 shares during the quarter. Capital Square LLC’s holdings in United Parcel Service were worth $701,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the period. Natixis purchased a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $121,000. Cohen Investment Advisors LLC increased its holdings in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares during the last quarter. Financial Partners Group LLC lifted its stake in United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Finally, Weaver C. Barksdale & Associates Inc. increased its stake in United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after purchasing an additional 6,073 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

NYSE UPS traded up $3.22 during mid-day trading on Monday, hitting $138.04. The stock had a trading volume of 607,413 shares, compared to its average volume of 4,143,113. The company has a market cap of $117.80 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a 50 day simple moving average of $132.98 and a 200 day simple moving average of $134.11.

United Parcel Service (NYSE:UPS) last issued 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. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period last year, the company posted $1.57 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Wells Fargo & Company raised their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen assumed coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.52.

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.