Bellevue Asset Management LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Bellevue Asset Management LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the 3rd quarter, Holdings Channel reports. The firm owned 1,059 shares of the transportation company’s stock after selling 98 shares during the period. Bellevue Asset Management LLC’s holdings in United Parcel Service were worth $144,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Blackston Financial Advisory Group LLC grew its holdings in shares of United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after acquiring an additional 69 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after acquiring an additional 73 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in shares of United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares during the period. Gleason Group Inc. grew its holdings in shares of United Parcel Service by 1.2% in the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after acquiring an additional 77 shares during the period. Finally, Rogco LP grew its holdings in shares of United Parcel Service by 1.9% in the first quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock worth $625,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $133.79 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $114.60 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The business’s 50-day moving average is $131.24 and its 200 day moving average is $135.72.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.41 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given 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 yield of 4.87%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Barclays reissued an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Finally, Robert W. Baird cut their price target 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.71.

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.