Capital Investment Advisory Services LLC Sells 6,398 Shares of United Parcel Service, Inc. $UPS

Capital Investment Advisory Services LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,218 shares of the transportation company’s stock after selling 6,398 shares during the period. Capital Investment Advisory Services LLC’s holdings in United Parcel Service were worth $3,276,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd raised its stake in shares of United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service during the second quarter valued at about $26,000. Salzhauer Michael bought a new position in shares of United Parcel Service during the third quarter valued at about $31,000. Physician Wealth Advisors Inc. increased its holdings in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after buying an additional 163 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $34,000. 60.26% of the stock is owned by institutional investors.

Insider Activity

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

United Parcel Service Stock Down 0.2%

NYSE: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’s 50-day simple moving average is $103.28 and its 200-day simple moving average is $94.00. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70. The stock 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 posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the business earned $2.75 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 5.6%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

Several research firms have weighed in on UPS. UBS Group increased their price objective on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Stifel Nicolaus raised their target price on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research note on Friday, January 9th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.67.

About United Parcel Service

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.