Prime Capital Investment Advisors LLC Sells 3,859 Shares of United Parcel Service, Inc. (NYSE:UPS)

Prime Capital Investment Advisors LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,965 shares of the transportation company's stock after selling 3,859 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in United Parcel Service were worth $1,495,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Savvy Advisors Inc. increased its stake in United Parcel Service by 14.4% during the third quarter. Savvy Advisors Inc. now owns 1,854 shares of the transportation company's stock valued at $253,000 after purchasing an additional 233 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in shares of United Parcel Service by 6.2% in the 3rd quarter. Verus Capital Partners LLC now owns 3,152 shares of the transportation company's stock valued at $430,000 after buying an additional 184 shares during the period. Platform Technology Partners grew its position in shares of United Parcel Service by 16.7% during the 3rd quarter. Platform Technology Partners now owns 2,247 shares of the transportation company's stock valued at $306,000 after buying an additional 321 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in United Parcel Service by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,752,700 shares of the transportation company's stock worth $238,963,000 after acquiring an additional 14,635 shares during the period. Finally, First National Trust Co lifted its holdings in United Parcel Service by 0.4% in the third quarter. First National Trust Co now owns 43,434 shares of the transportation company's stock worth $5,922,000 after acquiring an additional 188 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.1 %

Shares of United Parcel Service stock traded up $1.46 on Friday, hitting $134.10. The company had a trading volume of 3,336,411 shares, compared to its average volume of 4,169,392. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50-day moving average of $132.37 and a 200-day moving average of $134.86. The firm has a market capitalization of $114.86 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current 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 paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service's dividend payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. Susquehanna upped their price target 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. Evercore ISI upped their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their price target on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, July 24th. Finally, Barclays reaffirmed an "underweight" rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company 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.