United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Capital Square LLC

Capital Square LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,142 shares of the transportation company’s stock after selling 532 shares during the period. Capital Square LLC’s holdings in United Parcel Service were worth $701,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Natixis bought a new position in United Parcel Service during the 1st quarter worth $121,000. Interval Partners LP acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $90,099,000. Sweeney & Michel LLC bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $388,000. Meiji Yasuda Life Insurance Co grew its holdings in United Parcel Service by 23.1% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 53,836 shares of the transportation company’s stock worth $8,002,000 after buying an additional 10,117 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in United Parcel Service by 0.3% in the 1st quarter. California State Teachers Retirement System now owns 1,153,467 shares of the transportation company’s stock valued at $171,440,000 after acquiring an additional 3,214 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $3.22 during trading on Monday, hitting $138.04. 607,413 shares of the stock were exchanged, compared to its average volume of 4,143,113. The company has a market capitalization of $117.80 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. 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 1-year low of $123.12 and a 1-year high of $163.82. The company’s fifty day simple moving average is $132.98 and its 200-day simple moving average is $134.11.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 4.72%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research analyst reports. Oppenheimer raised their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price objective 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. 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 stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price 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.