Gilbert & Cook Inc. Has $7.58 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Gilbert & Cook Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,559 shares of the transportation company’s stock after selling 5,149 shares during the quarter. United Parcel Service accounts for about 1.0% of Gilbert & Cook Inc.’s investment portfolio, making the stock its 11th largest holding. Gilbert & Cook Inc.’s holdings in United Parcel Service were worth $7,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC boosted its position in shares of 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 purchasing an additional 175 shares during the period. Tortoise Investment Management LLC boosted its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the period. Finally, PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UPS shares. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group decreased their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stephens cut their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, 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 note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $134.07 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $132.50 and its two-hundred day moving average is $134.67. The company has a market cap of $114.84 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.20 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.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.