AIA Group Ltd Sells 2,114 Shares of United Parcel Service, Inc. (NYSE:UPS)

AIA Group Ltd reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,483 shares of the transportation company’s stock after selling 2,114 shares during the quarter. AIA Group Ltd’s holdings in United Parcel Service were worth $2,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the 2nd quarter valued at about $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter valued at $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 valued at $32,000 after acquiring an additional 175 shares during the last quarter. Princeton Global Asset Management LLC grew its position 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 worth $34,000 after purchasing an additional 216 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in shares of United Parcel Service by 168.5% in 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. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.2 %

NYSE:UPS opened at $132.49 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The firm has a market cap of $113.49 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a 50-day moving average of $132.06 and a 200 day moving average of $135.29. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 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 company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Analysts Set New Price Targets

Several analysts recently issued reports on UPS shares. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Finally, Robert W. Baird lowered 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 report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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.