Dividend Assets Capital LLC Has $800,000 Holdings in United Parcel Service, Inc. (UPS)

Dividend Assets Capital LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,855 shares of the transportation company’s stock after selling 1,025 shares during the period. Dividend Assets Capital LLC’s holdings in United Parcel Service were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Zevin Asset Management LLC increased its stake in shares of United Parcel Service by 2.0% during the third quarter. Zevin Asset Management LLC now owns 109,047 shares of the transportation company’s stock valued at $12,731,000 after buying an additional 2,114 shares during the period. Psagot Investment House Ltd. purchased a new position in shares of United Parcel Service during the third quarter valued at approximately $121,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of United Parcel Service by 907.7% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 555,172 shares of the transportation company’s stock valued at $64,816,000 after buying an additional 500,080 shares during the period. Warren Averett Asset Management LLC purchased a new position in shares of United Parcel Service during the third quarter valued at approximately $207,000. Finally, Gulf International Bank UK Ltd increased its stake in shares of United Parcel Service by 5.3% during the third quarter. Gulf International Bank UK Ltd now owns 234,392 shares of the transportation company’s stock valued at $27,365,000 after buying an additional 11,842 shares during the period. 53.65% of the stock is currently owned by institutional investors and hedge funds.

NYSE UPS opened at $109.51 on Friday. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $101.45 and a twelve month high of $135.53. The company has a market cap of $93.48 billion, a P/E ratio of 18.22, a PEG ratio of 1.62 and a beta of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.32%. United Parcel Service’s dividend payout ratio is presently 60.57%.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider George Willis sold 4,312 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

UPS has been the topic of several research analyst reports. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 10th. Citigroup cut United Parcel Service from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Bank of America cut United Parcel Service from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price on the stock in a research note on Monday, October 1st. Finally, Morgan Stanley boosted their target price on United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average target price of $125.66.

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About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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