Vinva Investment Management Ltd Sells 1,206 Shares of United Parcel Service, Inc. (NYSE:UPS)

Vinva Investment Management Ltd trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the third quarter, Holdings Channel.com reports. The fund owned 28,368 shares of the transportation company’s stock after selling 1,206 shares during the quarter. Vinva Investment Management Ltd’s holdings in United Parcel Service were worth $3,809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $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 worth $34,000 after purchasing an additional 200 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 0.5 %

Shares of UPS opened at $135.68 on Friday. The business has a 50-day moving average of $133.41 and a 200 day moving average of $133.97. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The firm has a market cap of $115.79 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 analyst estimates 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 quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UPS. Bank of America raised their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Susquehanna raised their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group lowered their price target on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

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.