World Equity Group Inc. Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

World Equity Group Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,695 shares of the transportation company’s stock after selling 461 shares during the period. World Equity Group Inc.’s holdings in United Parcel Service were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth about $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC lifted its holdings 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 purchasing an additional 175 shares during the period. Tortoise Investment Management LLC grew its position in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC increased its stake 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 buying an additional 200 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.8 %

Shares of NYSE:UPS opened at $133.00 on Tuesday. The stock has a market capitalization of $113.93 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a 50 day moving average price of $131.58 and a 200 day moving average price of $135.46. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business posted $1.57 EPS. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. United Parcel Service’s payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Citigroup initiated coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. Robert W. Baird cut their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI boosted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna lifted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.