Stonebrook Private Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Stonebrook Private Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,506 shares of the transportation company’s stock after selling 1,103 shares during the period. Stonebrook Private Inc.’s holdings in United Parcel Service were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UPS. Natixis purchased a new position in United Parcel Service in the first quarter valued at approximately $121,000. 1832 Asset Management L.P. raised its holdings in United Parcel Service by 48.3% in the first quarter. 1832 Asset Management L.P. now owns 153,824 shares of the transportation company’s stock valued at $22,863,000 after buying an additional 50,072 shares during the period. LRI Investments LLC purchased a new stake in shares of United Parcel Service during the first quarter valued at approximately $97,000. Kestra Advisory Services LLC raised its stake in shares of United Parcel Service by 21.9% during the first quarter. Kestra Advisory Services LLC now owns 125,985 shares of the transportation company’s stock valued at $18,725,000 after purchasing an additional 22,612 shares during the period. Finally, BOKF NA raised its stake in shares of United Parcel Service by 3.8% during the first quarter. BOKF NA now owns 33,395 shares of the transportation company’s stock valued at $4,930,000 after purchasing an additional 1,237 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup dropped their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Performance

United Parcel Service stock opened at $134.82 on Friday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a market cap of $115.05 billion, a PE ratio of 20.36, a P/E/G ratio of 2.16 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average price of $132.98 and a two-hundred day moving average price of $134.29.

United Parcel Service (NYSE:UPS) last released 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.84%. The ex-dividend date is Monday, November 18th. United Parcel Service’s 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.