Fortis Advisors LLC Has $937,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Fortis Advisors LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,869 shares of the transportation company's stock after selling 3,894 shares during the period. Fortis Advisors LLC's holdings in United Parcel Service were worth $937,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC increased its stake in United Parcel Service by 2.7% during the 3rd quarter. Aviance Capital Partners LLC now owns 6,620 shares of the transportation company's stock valued at $903,000 after buying an additional 175 shares during the period. Strengthening Families & Communities LLC boosted its holdings in shares of United Parcel Service by 12.3% in the third quarter. Strengthening Families & Communities LLC now owns 13,434 shares of the transportation company's stock valued at $1,832,000 after acquiring an additional 1,469 shares in the last quarter. Equity Investment Corp increased its stake in shares of United Parcel Service by 3.1% during the third quarter. Equity Investment Corp now owns 521,033 shares of the transportation company's stock valued at $71,038,000 after acquiring an additional 15,641 shares during the period. Clarkston Capital Partners LLC raised its holdings in United Parcel Service by 1.6% during the third quarter. Clarkston Capital Partners LLC now owns 204,094 shares of the transportation company's stock worth $27,826,000 after purchasing an additional 3,233 shares in the last quarter. Finally, Swiss National Bank boosted its stake in United Parcel Service by 0.5% during the 3rd quarter. Swiss National Bank now owns 2,165,000 shares of the transportation company's stock valued at $295,176,000 after purchasing an additional 10,000 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a "hold" rating and a $144.00 price objective on the stock. Evercore ISI increased their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. UBS Group raised their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their price target on United Parcel Service from $140.00 to $139.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.52.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.93 during trading on Tuesday, reaching $133.20. The company's stock had a trading volume of 3,834,075 shares, compared to its average volume of 4,167,326. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The stock has a 50-day moving average price of $132.70 and a two-hundred day moving average price of $134.41. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $113.67 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99.

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, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is currently 98.49%.

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.