United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,449 shares of the transportation company’s stock after selling 549 shares during the period. Bridges Investment Management Inc.’s holdings in United Parcel Service were worth $470,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service in the second quarter worth about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% in 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 in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of 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 during the period. Finally, PSI Advisors LLC lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays restated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Bank of America upped their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a 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 for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Trading Down 1.3 %

UPS stock opened at $132.44 on Friday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $132.06 and its 200-day moving average is $135.29. The firm has a market cap of $113.45 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.17 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.92%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.