Douglass Winthrop Advisors LLC Sells 188 Shares of United Parcel Service, Inc. (NYSE:UPS)

Douglass Winthrop Advisors LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 13,125 shares of the transportation company’s stock after selling 188 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in United Parcel Service were worth $1,789,000 as of its most recent filing with the SEC.

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

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $134.82 on Monday. The company’s fifty day moving average is $132.98 and its 200 day moving average is $134.11. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The stock has a market cap of $115.05 billion, a PE ratio of 20.37, a PEG ratio of 2.21 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 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 company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 EPS. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UPS. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut 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 report on Friday, October 25th. UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Citigroup cut their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. 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 stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.52.

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.