United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,355 shares of the transportation company's stock after selling 24,246 shares during the quarter. Sanctuary Advisors LLC's holdings in United Parcel Service were worth $15,283,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. State Street Corp raised its position in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after acquiring an additional 373,202 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares during the last quarter. Finally, FMR LLC grew its holdings in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.22 during trading hours on Friday, reaching $128.76. 4,284,756 shares of the stock were exchanged, compared to its average volume of 4,187,872. The stock has a market capitalization of $109.88 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.12 and a beta of 0.98. The firm has a 50 day simple moving average of $132.94 and a 200-day simple moving average of $132.78. 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 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. United Parcel Service's dividend payout ratio is currently 98.49%.

Analyst Ratings Changes

UPS has been the subject of several research reports. Oppenheimer boosted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Barclays restated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Susquehanna raised their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Bank of America increased their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, TD Cowen initiated coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a "hold" rating and a $144.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $151.29.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

United Parcel Service 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.