MAI Capital Management Has $7.80 Million Position in United Parcel Service, Inc. (NYSE:UPS)

MAI Capital Management lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,184 shares of the transportation company's stock after selling 7,596 shares during the quarter. MAI Capital Management's holdings in United Parcel Service were worth $7,796,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company's stock worth $888,254,000 after acquiring an additional 20,426 shares in the last quarter. American Century Companies Inc. boosted its holdings in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company's stock valued at $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in United Parcel Service by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company's stock valued at $611,445,000 after purchasing an additional 101,349 shares in the last quarter. Finally, Capital World Investors increased its holdings in United Parcel Service by 9.6% during the 1st quarter. Capital World Investors now owns 3,011,299 shares of the transportation company's stock worth $447,569,000 after purchasing an additional 263,313 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Citigroup reduced 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. Bank of America lifted their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $151.52.

United Parcel Service Trading Down 1.4 %

NYSE UPS traded down $1.93 on Tuesday, hitting $133.20. 3,834,812 shares of the company were exchanged, compared to its average volume of 4,167,323. 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 twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market capitalization of $113.67 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company's 50 day moving average price is $132.63 and its 200-day moving average price is $134.51.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $1.57 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

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.