United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 9.6% during the 3rd quarter, Holdings Channel reports. The fund owned 2,465 shares of the transportation company’s stock after selling 261 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in United Parcel Service were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UPS. International Assets Investment Management LLC raised its holdings in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Clearbridge Investments LLC raised its stake in United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after buying an additional 406,248 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in United Parcel Service by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the last quarter. American Century Companies Inc. boosted its position in shares of United Parcel Service by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after acquiring an additional 393,434 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after acquiring an additional 101,349 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.1 %

UPS stock opened at $134.10 on Friday. The stock has a market capitalization of $114.86 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a fifty day moving average of $132.50 and a 200-day moving average of $134.76. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

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, 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 during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, 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 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UPS shares. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer boosted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. UBS Group increased their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

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.