United Services Automobile Association Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

United Services Automobile Association reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,117 shares of the transportation company's stock after selling 56,771 shares during the quarter. United Services Automobile Association's holdings in United Parcel Service were worth $23,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service in the second quarter valued at about $28,000. True Wealth Design LLC increased its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the period. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC grew its position in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock valued at $32,000 after buying an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its stake in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock valued at $34,000 after buying an additional 155 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.6 %

Shares of NYSE:UPS traded down $1.98 during trading on Friday, reaching $125.61. The stock had a trading volume of 5,745,026 shares, compared to its average volume of 3,492,809. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $107.19 billion, a P/E ratio of 18.97, a PEG ratio of 2.11 and a beta of 0.98. The business has a fifty day moving average price of $133.32 and a 200-day moving average price of $133.11. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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 company 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 business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Monday, November 18th. United Parcel Service's payout ratio is 98.49%.

Insider Buying and Selling at United Parcel Service

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

Analyst Ratings Changes

UPS has been the topic of several analyst reports. Citigroup lowered their target price on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Evercore ISI increased their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. Susquehanna lifted their price target 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. TD Cowen assumed coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a "hold" rating and a $144.00 price objective for the company. Finally, The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and an average target price of $151.52.

About United Parcel Service

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.