United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,058 shares of the transportation company's stock after selling 5,278 shares during the period. United Parcel Service accounts for approximately 1.6% of Zevin Asset Management LLC's portfolio, making the stock its 29th biggest holding. Zevin Asset Management LLC's holdings in United Parcel Service were worth $10,233,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter valued at $28,000. Riverview Trust Co acquired a new position in United Parcel Service in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after purchasing an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock valued at $34,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 24th. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Robert W. Baird dropped their target price 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.52.

United Parcel Service Trading Up 1.9 %

NYSE:UPS traded up $2.53 on Monday, hitting $134.97. The stock had a trading volume of 2,937,906 shares, compared to its average volume of 4,162,430. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-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. The stock has a market cap of $115.18 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.20 and a beta of 0.99. The company has a fifty day moving average price of $132.50 and a two-hundred day moving average price of $134.59.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating 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 last year, the company earned $1.57 EPS. United Parcel Service's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect 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 will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service's dividend payout ratio is presently 98.49%.

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.