Stoneridge Investment Partners LLC Decreases Position in United Parcel Service, Inc. (NYSE:UPS)

Stoneridge Investment Partners LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,240 shares of the transportation company’s stock after selling 84 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in United Parcel Service were worth $1,805,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of UPS. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Clearbridge Investments LLC increased its stake in United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after buying an additional 406,248 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 worth $888,254,000 after buying an additional 20,426 shares in the last quarter. American Century Companies Inc. boosted 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 buying an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of United Parcel Service by 2.5% during the first 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 acquiring an additional 101,349 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.8 %

UPS stock opened at $133.00 on Tuesday. The stock has a market cap of $113.93 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The firm’s 50-day simple moving average is $131.58 and its 200 day simple moving average is $135.46. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent analyst reports. Evercore ISI boosted 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, October 22nd. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Robert W. Baird decreased their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Bank of America upped their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.