Sunpointe LLC Buys 91 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sunpointe LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,177 shares of the transportation company’s stock after acquiring an additional 91 shares during the period. Sunpointe LLC’s holdings in United Parcel Service were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after acquiring an additional 80 shares in the last quarter. Nexus Investment Management ULC increased its position in United Parcel Service by 0.9% in the 3rd quarter. Nexus Investment Management ULC now owns 203,055 shares of the transportation company’s stock worth $27,685,000 after buying an additional 1,830 shares during the period. Jamison Private Wealth Management Inc. increased its position in United Parcel Service by 1.3% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 176,773 shares of the transportation company’s stock worth $24,101,000 after buying an additional 2,243 shares during the period. Bourne Lent Asset Management Inc. increased its position in United Parcel Service by 1.7% in the 3rd quarter. Bourne Lent Asset Management Inc. now owns 23,659 shares of the transportation company’s stock worth $3,226,000 after buying an additional 400 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its position in United Parcel Service by 27.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 4,363 shares of the transportation company’s stock worth $580,000 after buying an additional 931 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UPS shares. Bank of America lowered their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets decreased their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus decreased their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer decreased their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, Citigroup started coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Buying and Selling

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Up 1.5 %

Shares of United Parcel Service stock traded up $1.95 on Wednesday, hitting $135.75. 173,820 shares of the company’s stock traded hands, compared to its average volume of 4,174,264. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average of $129.57 and a two-hundred day moving average of $136.76. The company has a market capitalization of $116.14 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share 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 paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.