United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,250 shares of the transportation company’s stock after selling 3,890 shares during the quarter. Sky Investment Group LLC’s holdings in United Parcel Service were worth $4,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in UPS. Clearbridge Investments LLC lifted 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 during the last quarter. Bank of New York Mellon Corp lifted its position in United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares during the last quarter. American Century Companies Inc. lifted its position in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in United Parcel Service by 2.5% during 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 purchasing an additional 101,349 shares during the period. Finally, Capital World Investors grew its position in United Parcel Service by 9.6% in the 1st quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock worth $447,569,000 after purchasing an additional 263,313 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.2 %

UPS stock traded up $0.30 during mid-day trading on Tuesday, reaching $131.63. 990,385 shares of the stock traded hands, compared to its average volume of 4,172,439. The stock’s fifty day moving average is $130.34 and its 200-day moving average is $136.33. The company has a market cap of $112.75 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.00 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. 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 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

Insider Buying and Selling

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. UBS Group cut their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday. Evercore ISI increased their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.05.

United Parcel Service Profile

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.