BBR Partners LLC Sells 93 Shares of United Parcel Service, Inc. (NYSE:UPS)

BBR Partners LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 646,056 shares of the transportation company’s stock after selling 93 shares during the period. United Parcel Service accounts for approximately 6.7% of BBR Partners LLC’s holdings, making the stock its 3rd largest position. BBR Partners LLC owned about 0.08% of United Parcel Service worth $88,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $32,000. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the period. Princeton Global Asset Management LLC grew its stake in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UPS. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $135.69 on Thursday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $115.79 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.26 and a beta of 0.99. The firm has a 50 day simple moving average of $133.34 and a 200 day simple moving average of $133.96.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

United Parcel Service Company 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.