Old Port Advisors Sells 184 Shares of United Parcel Service, Inc. (NYSE:UPS)

Old Port Advisors lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,342 shares of the transportation company’s stock after selling 184 shares during the period. Old Port Advisors’ holdings in United Parcel Service were worth $2,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the period. Geode Capital Management LLC grew its position in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after buying an additional 373,202 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the period. Finally, FMR LLC raised its holdings in shares of United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS traded down $0.77 during trading hours on Thursday, reaching $125.33. 621,626 shares of the company traded hands, compared to its average volume of 4,201,786. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average price of $131.02 and a 200-day moving average price of $131.75. United Parcel Service, Inc. has a 12-month low of $122.01 and a 12-month high of $161.48. The stock has a market capitalization of $106.95 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.11 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.20%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service 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 completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Susquehanna increased their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of 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. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

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.