GLOBALT Investments LLC GA Trims Position in United Parcel Service, Inc. (NYSE:UPS)

GLOBALT Investments LLC GA reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 2.9% in the 3rd quarter, Holdings Channel reports. The fund owned 31,024 shares of the transportation company’s stock after selling 921 shares during the period. GLOBALT Investments LLC GA’s holdings in United Parcel Service were worth $4,230,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UPS. Equity Investment Corp increased its position in United Parcel Service by 3.1% during the third quarter. Equity Investment Corp now owns 521,033 shares of the transportation company’s stock worth $71,038,000 after purchasing an additional 15,641 shares during the last quarter. Clarkston Capital Partners LLC raised its position in shares of United Parcel Service by 1.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 204,094 shares of the transportation company’s stock worth $27,826,000 after buying an additional 3,233 shares during the period. Swiss National Bank boosted its holdings in United Parcel Service by 0.5% in the third quarter. Swiss National Bank now owns 2,165,000 shares of the transportation company’s stock valued at $295,176,000 after acquiring an additional 10,000 shares during the last quarter. Claro Advisors LLC grew its position in United Parcel Service by 53.8% during the third quarter. Claro Advisors LLC now owns 3,909 shares of the transportation company’s stock valued at $533,000 after acquiring an additional 1,367 shares during the period. Finally, Ceera Investments LLC increased its stake in United Parcel Service by 78.3% during the third quarter. Ceera Investments LLC now owns 7,016 shares of the transportation company’s stock worth $957,000 after acquiring an additional 3,080 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Stock Up 1.1 %

Shares of United Parcel Service stock opened at $134.07 on Monday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market capitalization of $114.84 billion, a P/E ratio of 20.25, a PEG ratio of 2.20 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $132.50 and a two-hundred day moving average price of $134.59.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating 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%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share 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 given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is presently 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.