Lindbrook Capital LLC Sells 1,079 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lindbrook Capital LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.9% in the third quarter, HoldingsChannel reports. The firm owned 2,791 shares of the transportation company’s stock after selling 1,079 shares during the quarter. Lindbrook Capital LLC’s holdings in United Parcel Service were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Blackston Financial Advisory Group LLC grew its stake in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the last quarter. Cigna Investments Inc. New increased its stake in shares of United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the period. Gleason Group Inc. lifted its holdings in United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after purchasing an additional 77 shares during the last quarter. Rogco LP boosted its stake in United Parcel Service by 1.9% in the 1st quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock valued at $625,000 after purchasing an additional 78 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its holdings in United Parcel Service by 0.5% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock valued at $2,167,000 after buying an additional 79 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 1.3 %

Shares of NYSE UPS opened at $132.44 on Friday. The stock has a market cap of $113.45 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The firm has a 50 day moving average price of $132.06 and a two-hundred day moving average price of $135.29. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. 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 announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. 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 4.92%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Susquehanna increased their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. Wells Fargo & Company raised their price objective on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, TD Cowen assumed coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

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.