Frank Rimerman Advisors LLC Sells 539 Shares of United Parcel Service, Inc. (NYSE:UPS)

Frank Rimerman Advisors LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,314 shares of the transportation company’s stock after selling 539 shares during the period. Frank Rimerman Advisors LLC’s holdings in United Parcel Service were worth $2,361,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter valued at about $28,000. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares during the period. Finally, PSI Advisors LLC lifted its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America boosted their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday. Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. Finally, Oppenheimer cut their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.43.

United Parcel Service Stock Performance

United Parcel Service stock opened at $137.43 on Friday. The firm has a fifty day simple moving average of $130.89 and a two-hundred day simple moving average of $135.98. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a market capitalization of $117.72 billion, a PE ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.11. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.44 EPS for the current 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 issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s dividend payout ratio is currently 106.36%.

United Parcel Service Company 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.