Geller Advisors LLC Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Geller Advisors LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,211 shares of the transportation company’s stock after selling 148 shares during the period. Geller Advisors LLC’s holdings in United Parcel Service were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the 2nd quarter worth approximately $28,000. True Wealth Design LLC increased its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Riverview Trust Co acquired a new position in United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC boosted its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.6 %

NYSE:UPS opened at $125.61 on Monday. The stock has a fifty day moving average price of $133.32 and a 200 day moving average price of $133.04. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm has a market cap of $107.19 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.19%. United Parcel Service’s payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UPS. Evercore ISI boosted their price target on shares of 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. Oppenheimer lifted their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays reissued an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.52.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate 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.