United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,822 shares of the transportation company’s stock after selling 77 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in United Parcel Service were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth approximately $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its stake in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird dropped their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Finally, Evercore ISI increased their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Performance

NYSE:UPS opened at $131.61 on Tuesday. The firm has a market cap of $112.73 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm’s fifty day moving average price is $132.06 and its 200 day moving average price is $135.12.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 earnings per share. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

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.