Eaton Cambridge Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Eaton Cambridge Inc. lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,140 shares of the transportation company’s stock after selling 122 shares during the period. United Parcel Service makes up 0.2% of Eaton Cambridge Inc.’s investment portfolio, making the stock its 20th largest holding. Eaton Cambridge Inc.’s holdings in United Parcel Service were worth $428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. RFG Advisory LLC increased its holdings in shares of United Parcel Service by 49.9% in the 1st quarter. RFG Advisory LLC now owns 6,459 shares of the transportation company’s stock valued at $960,000 after purchasing an additional 2,149 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of United Parcel Service by 6.1% during the 1st quarter. Douglas Lane & Associates LLC now owns 3,247 shares of the transportation company’s stock valued at $483,000 after acquiring an additional 188 shares during the period. Range Financial Group LLC lifted its position in shares of United Parcel Service by 3.5% during the 1st quarter. Range Financial Group LLC now owns 3,421 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 116 shares during the period. Southland Equity Partners LLC grew its holdings in shares of United Parcel Service by 22.8% in the 1st quarter. Southland Equity Partners LLC now owns 2,125 shares of the transportation company’s stock worth $316,000 after acquiring an additional 394 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in United Parcel Service in the 1st quarter valued at approximately $20,029,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 3.1 %

UPS stock traded down $4.20 during trading on Monday, reaching $131.73. 2,331,941 shares of the stock traded hands, compared to its average volume of 4,177,860. The business’s 50 day moving average price is $130.21 and its 200-day moving average price is $136.46. The firm has a market capitalization of $112.84 billion, a PE ratio of 21.79, a P/E/G ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the business posted $2.54 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. Robert W. Baird decreased their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Susquehanna dropped their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Bank of America reduced their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.24.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.