Great Valley Advisor Group Inc. Sells 13,658 Shares of United Parcel Service, Inc. (NYSE:UPS)

Great Valley Advisor Group Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 39.4% in the third quarter, HoldingsChannel.com reports. The fund owned 21,048 shares of the transportation company’s stock after selling 13,658 shares during the period. Great Valley Advisor Group Inc.’s holdings in United Parcel Service were worth $2,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. International Assets Investment Management LLC increased its stake in shares of United Parcel Service by 15,779.6% in the 3rd 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 acquiring an additional 14,539,321 shares during the last quarter. Marshall Wace LLP grew its position in shares of United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares during the period. Van ECK Associates Corp grew its position in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 2.6 %

NYSE UPS opened at $134.82 on Monday. The company has a market cap of $115.05 billion, a PE ratio of 20.37, a PEG ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a 50 day moving average of $132.98 and a 200-day moving average of $134.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 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%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UPS shares. Evercore ISI boosted their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Citigroup decreased their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.