United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,033 shares of the transportation company’s stock after selling 203 shares during the quarter. Centaurus Financial Inc.’s holdings in United Parcel Service were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $28,000. Riverview Trust Co bought a new stake in United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC lifted its position in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% during 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 in the last quarter. Finally, PSI Advisors LLC increased its position in shares of United Parcel Service by 408.2% during 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.

Wall Street Analyst Weigh In

UPS has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI raised 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 report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Up 2.0 %

United Parcel Service stock opened at $137.53 on Tuesday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $117.36 billion, a PE ratio of 20.77, a P/E/G ratio of 2.21 and a beta of 0.99. The firm’s 50 day moving average price is $133.15 and its two-hundred day moving average price is $134.03.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.74%. United Parcel Service’s dividend payout ratio is 98.49%.

About United Parcel Service

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.