Prime Capital Investment Advisors LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Prime Capital Investment Advisors LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,965 shares of the transportation company’s stock after selling 3,859 shares during the period. Prime Capital Investment Advisors LLC’s holdings in United Parcel Service were worth $1,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UPS. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co bought a new position in United Parcel Service in the second quarter worth approximately $32,000. Centerpoint Advisors LLC lifted its holdings in United Parcel Service by 291.7% during the second 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. Tortoise Investment Management LLC boosted its position in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares in the last quarter. Finally, PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Evercore ISI upped their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird reduced their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Performance

Shares of UPS stock opened at $132.64 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $113.62 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99. The business has a 50-day simple moving average of $132.27 and a 200-day simple moving average of $134.88.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio is presently 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.