United Parcel Service, Inc. (NYSE:UPS) Shares Sold by S.A. Mason LLC

S.A. Mason LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,916 shares of the transportation company’s stock after selling 95 shares during the period. S.A. Mason LLC’s holdings in United Parcel Service were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. International Assets Investment Management LLC grew its holdings in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC grew its stake in United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after buying an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp increased its position in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the period. American Century Companies Inc. lifted its stake in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after buying an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of United Parcel Service by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after acquiring an additional 101,349 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Evercore ISI increased their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their target price on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Trading Down 0.4 %

NYSE:UPS opened at $133.79 on Thursday. The stock has a fifty day simple moving average of $131.24 and a 200 day simple moving average of $135.72. 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 has a market capitalization of $114.60 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued 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 4.87%. United Parcel Service’s payout ratio is currently 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.