World Equity Group Inc. Sells 461 Shares of United Parcel Service, Inc. (NYSE:UPS)

World Equity Group Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 14.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,695 shares of the transportation company’s stock after selling 461 shares during the period. World Equity Group Inc.’s holdings in United Parcel Service were worth $368,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in United Parcel Service by 0.7% during the third quarter. QRG Capital Management Inc. now owns 98,784 shares of the transportation company’s stock valued at $13,468,000 after purchasing an additional 682 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in United Parcel Service by 1.8% during the third quarter. Asset Management One Co. Ltd. now owns 278,713 shares of the transportation company’s stock worth $38,000,000 after acquiring an additional 4,981 shares during the last quarter. National Pension Service increased its position in United Parcel Service by 11.6% during the 3rd quarter. National Pension Service now owns 1,296,691 shares of the transportation company’s stock worth $176,791,000 after buying an additional 135,270 shares during the period. Cohen Capital Management Inc. grew its position in shares of United Parcel Service by 4.1% during the 3rd quarter. Cohen Capital Management Inc. now owns 4,585 shares of the transportation company’s stock worth $625,000 after purchasing an additional 180 shares in the last quarter. Finally, Intact Investment Management Inc. raised its stake in United Parcel Service by 22.2% in the third quarter. Intact Investment Management Inc. now owns 102,510 shares of the transportation company’s stock valued at $13,976,000 after purchasing an additional 18,650 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UPS shares. Oppenheimer lifted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. 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. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Trading Down 0.8 %

UPS opened at $133.00 on Tuesday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a market capitalization of $113.93 billion, a P/E ratio of 20.09, a PEG ratio of 2.21 and a beta of 0.99. The stock’s fifty day moving average is $131.58 and its two-hundred day moving average is $135.46. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.