Capital Advisors Inc. OK Sells 339 Shares of United Parcel Service, Inc. (NYSE:UPS)

Capital Advisors Inc. OK reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 9,206 shares of the transportation company’s stock after selling 339 shares during the period. Capital Advisors Inc. OK’s holdings in United Parcel Service were worth $1,255,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter worth approximately $28,000. Riverview Trust Co purchased a new position in shares of United Parcel Service in the second quarter worth $32,000. Centerpoint Advisors LLC boosted its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Tortoise Investment Management LLC grew its stake in United Parcel Service by 168.5% during the second 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 in the last quarter. Finally, PSI Advisors LLC increased its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Susquehanna raised their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Bank of America increased their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Price Performance

Shares of UPS stock opened at $134.05 on Friday. The stock has a 50 day moving average price of $131.51 and a 200 day moving average price of $135.58. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The firm has a market capitalization of $114.82 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.