Anchor Investment Management LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Anchor Investment Management LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,613 shares of the transportation company's stock after selling 4,069 shares during the period. Anchor Investment Management LLC's holdings in United Parcel Service were worth $5,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Archford Capital Strategies LLC boosted its position in United Parcel Service by 1.7% during the second quarter. Archford Capital Strategies LLC now owns 6,102 shares of the transportation company's stock valued at $835,000 after buying an additional 101 shares during the period. Fiduciary Financial Group LLC purchased a new position in United Parcel Service in the 2nd quarter worth approximately $362,000. Ellsworth Advisors LLC boosted its stake in shares of United Parcel Service by 7.1% during the second quarter. Ellsworth Advisors LLC now owns 27,949 shares of the transportation company's stock valued at $3,825,000 after purchasing an additional 1,848 shares during the period. Cordatus Wealth Management LLC bought a new position in shares of United Parcel Service in the second quarter worth approximately $1,725,000. Finally, Naples Global Advisors LLC grew its holdings in shares of United Parcel Service by 3.8% in the second quarter. Naples Global Advisors LLC now owns 45,064 shares of the transportation company's stock worth $6,167,000 after purchasing an additional 1,655 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company's stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.14 during trading on Thursday, hitting $128.98. 4,929,576 shares of the company's stock were exchanged, compared to its average volume of 4,187,670. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The business's 50-day simple moving average is $133.02 and its 200 day simple moving average is $132.88. The company has a market cap of $110.07 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.06 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio is currently 98.49%.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They set a "hold" rating and a $144.00 price target on the stock. Barclays restated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Bank of America upped their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $151.29.

United Parcel Service Company 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.