Gilbert & Cook Inc. Sells 5,149 Shares of United Parcel Service, Inc. (NYSE:UPS)

Gilbert & Cook Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,559 shares of the transportation company's stock after selling 5,149 shares during the quarter. United Parcel Service comprises 1.0% of Gilbert & Cook Inc.'s portfolio, making the stock its 11th largest position. Gilbert & Cook Inc.'s holdings in United Parcel Service were worth $7,575,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co acquired a new position in United Parcel Service in the second quarter worth $32,000. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after purchasing an additional 216 shares during the period. Finally, Tortoise Investment Management LLC lifted its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock worth $34,000 after buying an additional 155 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 1.1 %

UPS stock traded up $1.43 during midday trading on Friday, reaching $134.07. The stock had a trading volume of 3,337,614 shares, compared to its average volume of 3,986,738. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market cap of $114.84 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.20 and a beta of 0.99. The business has a fifty day simple moving average of $132.50 and a two-hundred day simple moving average of $134.67.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service's payout ratio is currently 98.49%.

Analysts Set New Price Targets

Several brokerages have weighed in on UPS. Wells Fargo & Company increased their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Citigroup dropped their price target on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Argus upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. BMO Capital Markets dropped their price target on shares of United Parcel Service from $169.00 to $155.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 24th. Finally, Susquehanna upped their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.52.

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.