Intech Investment Management LLC Sells 10,059 Shares of United Parcel Service, Inc. (NYSE:UPS)

Intech Investment Management LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.5% in the third quarter, Holdings Channel reports. The firm owned 26,584 shares of the transportation company’s stock after selling 10,059 shares during the quarter. Intech Investment Management LLC’s holdings in United Parcel Service were worth $3,624,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI lifted its position in shares of United Parcel Service by 1.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 14,624 shares of the transportation company’s stock worth $1,994,000 after buying an additional 275 shares during the period. Moors & Cabot Inc. raised its stake in United Parcel Service by 28.2% during the third quarter. Moors & Cabot Inc. now owns 16,877 shares of the transportation company’s stock worth $2,301,000 after acquiring an additional 3,715 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter valued at $673,000. Advisors Asset Management Inc. grew its holdings in shares of United Parcel Service by 6.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 211,163 shares of the transportation company’s stock worth $28,790,000 after purchasing an additional 13,368 shares during the last quarter. Finally, Prospera Private Wealth LLC increased its position in shares of United Parcel Service by 4.3% during the 3rd quarter. Prospera Private Wealth LLC now owns 5,094 shares of the transportation company’s stock worth $695,000 after purchasing an additional 210 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS stock opened at $134.82 on Friday. The stock has a market cap of $115.05 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The stock has a 50-day moving average of $132.98 and a 200-day moving average of $134.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last posted 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. 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 for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the business posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid 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 4.84%. United Parcel Service’s payout ratio is 98.49%.

Analyst Ratings Changes

Several brokerages have weighed in on UPS. Evercore ISI upped their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Stifel Nicolaus increased 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, Oppenheimer lifted their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.52.

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.