United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,391 shares of the transportation company's stock after selling 5,723 shares during the quarter. Pathstone Holdings LLC's holdings in United Parcel Service were worth $13,142,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Blackston Financial Advisory Group LLC raised its stake 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 worth $694,000 after buying an additional 69 shares during the period. Cigna Investments Inc. New raised its stake in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock worth $1,024,000 after buying an additional 75 shares during the period. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company's stock worth $889,000 after buying an additional 77 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in shares of United Parcel Service by 0.5% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company's stock worth $2,167,000 after buying an additional 79 shares during the period. Finally, Horan Capital Advisors LLC. raised its stake in shares of United Parcel Service by 0.4% during the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company's stock worth $3,152,000 after buying an additional 83 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $132.07 on Thursday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The business's fifty day simple moving average is $132.77 and its 200-day simple moving average is $134.40. The firm has a market cap of $112.70 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. 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 announced 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 return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 EPS. The company's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.94%. The ex-dividend date is Monday, November 18th. United Parcel Service's payout ratio is 98.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their target price on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. UBS Group boosted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Bank of America boosted their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Barclays reiterated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Argus upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Two investment 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 stock. According to data from MarketBeat, the stock presently 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.