Armstrong Advisory Group Inc. Sells 7,029 Shares of United Parcel Service, Inc. $UPS

Armstrong Advisory Group Inc. reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,566 shares of the transportation company’s stock after selling 7,029 shares during the period. Armstrong Advisory Group Inc.’s holdings in United Parcel Service were worth $3,973,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Alliance LLC boosted its stake in United Parcel Service by 142.1% in the 3rd quarter. Fiduciary Alliance LLC now owns 8,163 shares of the transportation company’s stock valued at $682,000 after buying an additional 4,791 shares in the last quarter. RDA Financial Network lifted its holdings in shares of United Parcel Service by 3.2% during the third quarter. RDA Financial Network now owns 4,744 shares of the transportation company’s stock valued at $396,000 after acquiring an additional 145 shares during the period. Czech National Bank boosted its stake in shares of United Parcel Service by 4.2% in the 3rd quarter. Czech National Bank now owns 186,940 shares of the transportation company’s stock valued at $15,615,000 after purchasing an additional 7,592 shares in the last quarter. Congress Park Capital LLC acquired a new stake in shares of United Parcel Service during the third quarter worth approximately $215,000. Finally, Acropolis Investment Management LLC raised its stake in shares of United Parcel Service by 18.6% in the third quarter. Acropolis Investment Management LLC now owns 5,533 shares of the transportation company’s stock valued at $462,000 after acquiring an additional 869 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.9%

NYSE:UPS opened at $101.00 on Thursday. The business’s 50-day simple moving average is $93.25 and its 200-day simple moving average is $92.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The stock has a market capitalization of $85.68 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The business 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 firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders 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 6.5%. United Parcel Service’s dividend payout ratio is 101.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UPS shares. UBS Group increased their price target on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.09.

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.