United Parcel Service, Inc. (NYSE:UPS) Holdings Reduced by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 60.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,677 shares of the transportation company’s stock after selling 11,597 shares during the period. Pallas Capital Advisors LLC’s holdings in United Parcel Service were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. International Assets Investment Management LLC boosted its position in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Clearbridge Investments LLC lifted its holdings in United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares during the period. Bank of New York Mellon Corp grew its position in United Parcel Service by 0.3% in 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 buying an additional 20,426 shares in the last quarter. American Century Companies Inc. increased its stake in United Parcel Service by 10.5% during 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 buying an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of United Parcel Service by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after buying an additional 101,349 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Oppenheimer upped their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus lifted their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Stephens cut their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Stock Down 0.8 %

NYSE:UPS opened at $134.31 on Wednesday. The business’s fifty day moving average price is $131.12 and its 200 day moving average price is $135.73. The firm has a market capitalization of $115.05 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.41 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio 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.