United Parcel Service, Inc. (NYSE:UPS) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,737 shares of the transportation company’s stock after selling 423 shares during the quarter. GHP Investment Advisors Inc.’s holdings in United Parcel Service were worth $2,418,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in United Parcel Service by 15,779.6% in the 3rd 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 buying an additional 14,539,321 shares during the period. Marshall Wace LLP boosted its holdings in shares of United Parcel Service by 284.8% in the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after acquiring an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in shares of United Parcel Service during the first quarter worth about $160,787,000. Assenagon Asset Management S.A. raised its holdings in United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after purchasing an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP acquired a new stake in United Parcel Service in the first quarter valued at about $90,099,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.7 %

Shares of NYSE:UPS opened at $137.43 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $117.72 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock’s fifty day simple moving average is $130.89 and its 200-day simple moving average is $135.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date 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 (DPR) is currently 106.36%.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday. Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday. Citigroup began coverage on United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price for the company. Robert W. Baird decreased their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.43.

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.