First Long Island Investors LLC Sells 614 Shares of United Parcel Service, Inc. (NYSE:UPS)

First Long Island Investors LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 114,808 shares of the transportation company’s stock after selling 614 shares during the quarter. First Long Island Investors LLC’s holdings in United Parcel Service were worth $15,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC grew its position in United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after acquiring an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in United Parcel Service by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares in the last quarter. American Century Companies Inc. raised its position in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after purchasing an additional 101,349 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UPS. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets dropped their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Barclays reissued an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. UBS Group upped their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Citigroup lowered their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Trading Up 0.4 %

Shares of UPS stock traded up $0.48 on Friday, hitting $133.12. The stock had a trading volume of 621,404 shares, compared to its average volume of 4,157,167. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a fifty day moving average price of $132.37 and a two-hundred day moving average price of $134.86. The firm has a market cap of $114.03 billion, a P/E ratio of 20.11, a PEG ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted 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 $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations 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 was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

United Parcel Service Company 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.