United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 39,573 shares of the transportation company’s stock after selling 9,304 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in United Parcel Service were worth $5,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. Marshall Wace LLP boosted its position in shares of United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the period. Spirepoint Private Client LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at $160,787,000. Assenagon Asset Management S.A. grew its position in United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in United Parcel Service during the 1st quarter worth approximately $90,099,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.0 %

United Parcel Service stock opened at $134.05 on Friday. The stock has a 50 day moving average of $131.51 and a two-hundred day moving average of $135.63. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a market capitalization of $114.82 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.21 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 (NYSE:UPS) last posted 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 net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the firm posted $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UPS. Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Bank of America boosted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Susquehanna lifted their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, BMO Capital Markets cut their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.