Ellis Investment Partners LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

by · The Markets Daily

Ellis Investment Partners LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,601 shares of the transportation company’s stock after selling 121 shares during the period. Ellis Investment Partners LLC’s holdings in United Parcel Service were worth $491,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Natixis bought a new position in United Parcel Service in the 1st quarter worth $121,000. Cohen Investment Advisors LLC raised its stake in shares of United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares during the period. Financial Partners Group LLC lifted its position in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after buying an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after acquiring an additional 6,502 shares during the period. Finally, Nvwm LLC increased its holdings in United Parcel Service by 3.7% in the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after acquiring an additional 96 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.7 %

NYSE UPS traded down $0.92 during trading hours on Friday, hitting $137.43. 4,916,651 shares of the company were exchanged, compared to its average volume of 4,221,229. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $130.89 and a 200 day moving average price of $135.98. The stock has a market cap of $117.72 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.93 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 for the quarter, beating the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. United Parcel Service’s dividend payout ratio is presently 106.36%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Evercore ISI lifted their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, UBS Group upped their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.43.

View Our Latest Analysis on United Parcel Service

About United Parcel Service

(Free Report)

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.

Further Reading