MWA Asset Management Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

MWA Asset Management reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 60.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,978 shares of the transportation company's stock after selling 7,599 shares during the period. MWA Asset Management's holdings in United Parcel Service were worth $679,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC increased its position in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company's stock valued at $694,000 after purchasing an additional 69 shares during the last quarter. Cigna Investments Inc. New grew its holdings in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock valued at $1,024,000 after purchasing an additional 75 shares during the period. Gleason Group Inc. grew its holdings in United Parcel Service by 1.2% in the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company's stock valued at $889,000 after purchasing an additional 77 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of United Parcel Service by 0.5% in the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company's stock valued at $2,167,000 after acquiring an additional 79 shares in the last quarter. Finally, Horan Capital Advisors LLC. raised its position in United Parcel Service by 0.4% in the second quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company's stock valued at $3,152,000 after purchasing an additional 83 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.86 during midday trading on Wednesday, reaching $131.34. 1,464,381 shares of the company were exchanged, compared to its average volume of 4,154,856. The stock's 50-day moving average price is $132.70 and its 200-day moving average price is $134.41. The stock has a market cap of $112.08 billion, a P/E ratio of 20.12, a PEG ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. 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 (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, topping analysts' consensus estimates 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%. United Parcel Service's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm 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. This represents a $6.52 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service's payout ratio is presently 98.49%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UPS. The Goldman Sachs Group decreased their target price on 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. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Susquehanna lifted their target price on United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Bank of America upped their price target on United Parcel Service from $132.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus upped their price target on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and a consensus 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.