Evergreen Capital Management LLC Cuts Stake in United Parcel Service, Inc. $UPS

Evergreen Capital Management LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 95.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,048 shares of the transportation company’s stock after selling 159,448 shares during the period. Evergreen Capital Management LLC’s holdings in United Parcel Service were worth $672,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd raised its position in 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 during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the second quarter valued at about $26,000. Salzhauer Michael purchased a new position in shares of United Parcel Service in the third quarter worth about $31,000. RMG Wealth Management LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $34,000. Finally, FNY Investment Advisers LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at about $34,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of UPS stock opened at $106.55 on Wednesday. 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, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The firm has a market cap of $90.39 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.33 and a beta of 1.11. The business’s 50 day moving average price is $99.71 and its 200-day moving average price is $93.19.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results 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 company had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid 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 dividend yield of 6.2%. United Parcel Service’s payout ratio is presently 101.39%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Stifel Nicolaus increased their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.73.

United Parcel Service Profile

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.