United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Stone Point Wealth LLC

Stone Point Wealth LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Robert W. Baird cut their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Two investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Performance

United Parcel Service stock opened at $134.60 on Friday. The company has a market cap of $115.30 billion, a PE ratio of 20.27, a PEG ratio of 2.20 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company’s 50-day moving average is $131.83 and its two-hundred day moving average is $135.39.

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 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 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 business posted $1.57 earnings per share. United Parcel Service’s revenue 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 year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. 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.