Mainstay Capital Management LLC ADV lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,638 shares of the transportation company’s stock after selling 1,230 shares during the quarter. United Parcel Service makes up about 1.2% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 18th largest position. Mainstay Capital Management LLC ADV’s holdings in United Parcel Service were worth $1,826,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in United Parcel Service by 118.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after buying an additional 600 shares in the last quarter. Advisors Preferred LLC increased its holdings in United Parcel Service by 845.8% during the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after buying an additional 1,015 shares during the last quarter. Psagot Investment House Ltd. acquired a new position in shares of United Parcel Service in the third quarter valued at $121,000. Country Trust Bank increased its holdings in shares of United Parcel Service by 78.4% in the second quarter. Country Trust Bank now owns 1,215 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 534 shares during the last quarter. Finally, ELM Advisors LLC acquired a new position in shares of United Parcel Service in the third quarter valued at about $140,000. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on UPS shares. Goldman Sachs Group set a $150.00 price objective on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. Citigroup downgraded shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Bank of America cut United Parcel Service from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price on the stock in a report on Monday, October 1st. Finally, Berenberg Bank assumed coverage on United Parcel Service in a research note on Friday, September 21st. They set a “hold” rating and a $125.00 target price on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $125.66.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The business had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. During the same period last year, the business posted $1.45 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Research analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be issued a $0.91 dividend. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
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United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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