Stone Point Wealth LLC Sells 967 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stone Point Wealth LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,037 shares of the transportation company’s stock after selling 967 shares during the period. Stone Point Wealth LLC’s holdings in United Parcel Service were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of United Parcel Service by 7.8% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,578 shares of the transportation company’s stock worth $1,033,000 after acquiring an additional 548 shares during the period. Verity Asset Management Inc. raised its position in shares of United Parcel Service by 70.0% in the third quarter. Verity Asset Management Inc. now owns 7,448 shares of the transportation company’s stock valued at $1,014,000 after buying an additional 3,068 shares in the last quarter. Sittner & Nelson LLC boosted its stake in shares of United Parcel Service by 29.9% in the third quarter. Sittner & Nelson LLC now owns 3,854 shares of the transportation company’s stock valued at $526,000 after buying an additional 888 shares during the period. LS Investment Advisors LLC grew its position in United Parcel Service by 1.7% during the third quarter. LS Investment Advisors LLC now owns 8,740 shares of the transportation company’s stock worth $1,192,000 after buying an additional 145 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. increased its stake in United Parcel Service by 22.5% during the 3rd quarter. Beacon Harbor Wealth Advisors Inc. now owns 51,442 shares of the transportation company’s stock worth $7,014,000 after acquiring an additional 9,451 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.3 %

Shares of NYSE:UPS opened at $134.60 on Friday. The firm has a market capitalization of $115.30 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.20 and a beta of 0.99. 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 stock has a 50 day moving average price of $131.83 and a 200-day moving average price of $135.39. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for 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 company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analysts Set New Price Targets

A number of research firms recently commented on UPS. Stephens dropped their price target 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. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. UBS Group boosted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.71.

About United Parcel Service

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.