Savant Capital LLC Sells 11,669 Shares of United Parcel Service, Inc. $UPS

Savant Capital LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 16.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,573 shares of the transportation company’s stock after selling 11,669 shares during the period. Savant Capital LLC’s holdings in United Parcel Service were worth $4,809,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Equity Investment Corp grew its position in United Parcel Service by 32.7% in the third quarter. Equity Investment Corp now owns 1,499,828 shares of the transportation company’s stock worth $125,281,000 after acquiring an additional 369,278 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 184,589 shares of the transportation company’s stock valued at $15,419,000 after purchasing an additional 1,753 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its stake in shares of United Parcel Service by 22.1% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,660 shares of the transportation company’s stock valued at $723,000 after purchasing an additional 1,570 shares during the last quarter. Cherry Creek Investment Advisors Inc. bought a new stake in United Parcel Service in the third quarter worth $1,202,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in shares of United Parcel Service by 664.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 142,268 shares of the transportation company’s stock worth $11,884,000 after acquiring an additional 123,648 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.2%

Shares of UPS opened at $116.50 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.30 and a current ratio of 1.22. The company has a 50-day simple moving average of $103.28 and a 200-day simple moving average of $94.00. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70. The firm has a market capitalization of $98.83 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.85 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 100.00%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. UBS Group lifted their target price on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.