Brookstone Capital Management Has $2.01 Million Stake in United Parcel Service, Inc. $UPS

Brookstone Capital Management lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 81.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,092 shares of the transportation company’s stock after selling 107,324 shares during the quarter. Brookstone Capital Management’s holdings in United Parcel Service were worth $2,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in United Parcel Service in the second quarter valued at approximately $851,842,000. Laurel Wealth Advisors LLC lifted its stake in shares of United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after acquiring an additional 2,481,864 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of United Parcel Service by 78.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after acquiring an additional 1,799,882 shares in the last quarter. Invesco Ltd. grew its position in United Parcel Service by 45.4% during the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after acquiring an additional 1,789,467 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in United Parcel Service by 443.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after acquiring an additional 1,264,842 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UPS shares. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Citigroup boosted their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.09.

United Parcel Service Stock Down 0.1%

United Parcel Service stock opened at $100.54 on Friday. The firm has a market cap of $85.29 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50 day moving average price of $95.55 and a two-hundred day moving average price of $92.85.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.