United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Eaton Cambridge Inc.

Eaton Cambridge Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,140 shares of the transportation company’s stock after selling 122 shares during the quarter. United Parcel Service accounts for 0.2% of Eaton Cambridge Inc.’s holdings, making the stock its 20th largest holding. Eaton Cambridge Inc.’s holdings in United Parcel Service were worth $428,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. TruNorth Capital Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at approximately $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service in the second quarter valued at $32,000. Centerpoint Advisors LLC raised its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Stephens Consulting LLC lifted its stake in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings 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 acquiring an additional 155 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPS. The Goldman Sachs Group cut their price target 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. Wells Fargo & Company increased their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, UBS Group lowered their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Stock Performance

UPS traded down $4.20 on Monday, reaching $131.73. The company had a trading volume of 2,331,941 shares, compared to its average volume of 4,177,860. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a market capitalization of $112.84 billion, a PE ratio of 21.79, a P/E/G ratio of 2.00 and a beta of 0.99. The stock has a 50-day moving average price of $130.21 and a 200-day moving average price of $136.46.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.54 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.95%. United Parcel Service’s payout ratio is 106.36%.

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.