Addison Capital Co Sells 172 Shares of United Parcel Service, Inc. (NYSE:UPS)

Addison Capital Co decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the third quarter, HoldingsChannel reports. The fund owned 14,869 shares of the transportation company’s stock after selling 172 shares during the quarter. Addison Capital Co’s holdings in United Parcel Service were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter worth $28,000. Stephens Consulting LLC boosted its holdings in United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the period. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC boosted its holdings in United Parcel Service by 291.7% in 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. Finally, Financial Synergies Wealth Advisors Inc. boosted its holdings in United Parcel Service by 1,933.3% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock worth $36,000 after buying an additional 232 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $135.44 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market capitalization of $116.02 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company’s 50-day moving average is $130.01 and its 200 day moving average is $136.74.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the company earned $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 106.36%.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Stephens dropped their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. UBS Group dropped their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.24.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

About United Parcel Service

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.