Cambiar Investors LLC Sells 102 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cambiar Investors LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 3.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,576 shares of the transportation company’s stock after selling 102 shares during the quarter. Cambiar Investors LLC’s holdings in United Parcel Service were worth $351,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on UPS shares. Bank of America upped their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Evercore ISI raised their target price on shares of 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. TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Oppenheimer lifted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Price Performance

UPS stock opened at $134.05 on Friday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The firm has a market capitalization of $114.82 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a fifty day simple moving average of $131.51 and a two-hundred day simple moving average of $135.63. 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 analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the firm earned $1.57 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.