Rockefeller Capital Management L.P. Has $42.75 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Rockefeller Capital Management L.P. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% during the third quarter, HoldingsChannel.com reports. The firm owned 313,539 shares of the transportation company’s stock after acquiring an additional 13,924 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in United Parcel Service were worth $42,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in UPS. Blackston Financial Advisory Group LLC raised its holdings in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Cigna Investments Inc. New raised its stake in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares in the last quarter. Gleason Group Inc. lifted its position in United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after purchasing an additional 77 shares during the period. Nicholas Hoffman & Company LLC. grew its stake in United Parcel Service by 0.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after buying an additional 79 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after buying an additional 79 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UPS shares. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group decreased their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.52.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $135.85 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $133.55 and its two-hundred day simple moving average is $133.87. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a market capitalization of $115.93 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.23 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 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current 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 given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. United Parcel Service’s payout ratio is presently 98.49%.

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.