GUNN & Co INVESTMENT MANAGEMENT INC. Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

GUNN & Co INVESTMENT MANAGEMENT INC. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 92.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,350 shares of the transportation company’s stock after selling 215,064 shares during the period. United Parcel Service comprises about 1.6% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 24th biggest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in United Parcel Service were worth $2,366,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth $28,000. Riverview Trust Co acquired a new stake in United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC grew 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 purchasing an additional 175 shares during the period. Stephens Consulting LLC grew its position in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Finally, Tortoise Investment Management LLC grew its position in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $131.41 on Thursday. The company has a market capitalization of $112.56 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $130.54 and a 200 day simple moving average of $136.15. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm earned $2.54 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is 106.36%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UPS shares. Citigroup assumed coverage on United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. Susquehanna dropped their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Oppenheimer lowered their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.05.

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.