United Parcel Service, Inc. $UPS Holdings Trimmed by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 30.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,614 shares of the transportation company’s stock after selling 11,892 shares during the period. Edgestream Partners L.P.’s holdings in United Parcel Service were worth $2,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd raised its holdings in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in United Parcel Service in the second quarter worth approximately $26,000. Hemington Wealth Management increased its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

UPS stock opened at $94.71 on Friday. The firm has a 50 day simple moving average of $90.80 and a 200 day simple moving average of $92.65. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The stock has a market cap of $80.35 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.35 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.76 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Stifel Nicolaus cut their price objective on United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Bank of America reduced their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $110.00.

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.