Davis R M Inc. Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Davis R M Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,628 shares of the transportation company’s stock after selling 210 shares during the quarter. Davis R M Inc.’s holdings in United Parcel Service were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in shares of United Parcel Service by 5.0% in the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock worth $16,916,000 after acquiring an additional 5,956 shares during the period. Daiwa Securities Group Inc. lifted its holdings in United Parcel Service by 12.2% in the third quarter. Daiwa Securities Group Inc. now owns 91,262 shares of the transportation company’s stock valued at $12,443,000 after acquiring an additional 9,898 shares during the period. Garner Asset Management Corp grew its stake in shares of United Parcel Service by 4.4% during the 3rd quarter. Garner Asset Management Corp now owns 12,995 shares of the transportation company’s stock valued at $1,772,000 after purchasing an additional 543 shares during the period. Marco Investment Management LLC increased its position in shares of United Parcel Service by 2.5% during the 3rd quarter. Marco Investment Management LLC now owns 112,632 shares of the transportation company’s stock valued at $15,356,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of United Parcel Service by 8.9% in the 3rd quarter. Summit Trail Advisors LLC now owns 5,924 shares of the transportation company’s stock worth $808,000 after purchasing an additional 483 shares during the period. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on UPS shares. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. UBS Group upped their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted their price objective on 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

UPS stock opened at $137.53 on Tuesday. The stock 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. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a 50-day moving average price of $133.15 and a 200 day moving average price of $134.03. 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 (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

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