Bellevue Asset Management LLC Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Bellevue Asset Management LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the transportation company’s stock after selling 98 shares during the period. Bellevue Asset Management LLC’s holdings in United Parcel Service were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. Cornerstone Wealth Management LLC increased its position in shares of United Parcel Service by 0.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after purchasing an additional 73 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of United Parcel Service by 16.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 16,577 shares of the transportation company’s stock valued at $2,464,000 after purchasing an additional 2,349 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares during the last quarter. Accel Wealth Management grew its position in United Parcel Service by 10.3% during the 1st quarter. Accel Wealth Management now owns 1,771 shares of the transportation company’s stock worth $263,000 after acquiring an additional 166 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its position in United Parcel Service by 0.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 56,862 shares of the transportation company’s stock worth $8,078,000 after acquiring an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.4 %

Shares of NYSE:UPS opened at $133.79 on Thursday. The stock has a fifty day simple moving average of $131.24 and a two-hundred day simple moving average of $135.72. The stock has a market capitalization of $114.60 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business 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 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.41 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 4.87%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UPS. Stephens reduced their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Bank of America raised their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.