United Parcel Service Inc. (UPS) Position Reduced by Stillwater Capital Advisors LLC
Stillwater Capital Advisors LLC lowered its position in shares of United Parcel Service Inc. (NYSE:UPS) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,465 shares of the company’s stock after selling 709 shares during the period. United Parcel Service accounts for about 3.2% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 14th largest position. Stillwater Capital Advisors LLC’s holdings in United Parcel Service were worth $10,987,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in United Parcel Service by 4.1% in the second quarter. Acadian Asset Management LLC now owns 1,071,653 shares of the company’s stock worth $115,438,000 after buying an additional 42,701 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in United Parcel Service by 2.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 103,267 shares of the company’s stock worth $11,124,000 after buying an additional 2,032 shares during the last quarter. Strs Ohio raised its stake in United Parcel Service by 6.6% in the second quarter. Strs Ohio now owns 459,165 shares of the company’s stock worth $49,461,000 after buying an additional 28,241 shares during the last quarter. Private Advisor Group LLC raised its stake in United Parcel Service by 6.6% in the second quarter. Private Advisor Group LLC now owns 105,063 shares of the company’s stock worth $11,317,000 after buying an additional 6,464 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of United Parcel Service by 3.1% in the second quarter. State of Alaska Department of Revenue now owns 95,068 shares of the company’s stock valued at $10,240,000 after buying an additional 2,884 shares in the last quarter. 53.48% of the stock is owned by institutional investors and hedge funds.
Shares of United Parcel Service Inc. (NYSE:UPS) traded up 0.50% during mid-day trading on Friday, reaching $116.26. 1,077,554 shares of the company traded hands. United Parcel Service Inc. has a 52-week low of $87.30 and a 52-week high of $116.39. The stock’s 50 day moving average is $110.21 and its 200 day moving average is $107.97.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 27th. The company reported $1.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.44. The firm earned $14.93 billion during the quarter, compared to analysts’ expectations of $14.72 billion. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. Equities analysts expect that United Parcel Service Inc. will post $5.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, November 9th. United Parcel Service’s payout ratio is currently 55.52%.
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Several research analysts have weighed in on UPS shares. Argus raised their price objective on shares of United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Barclays PLC raised their price objective on shares of United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Vetr lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 price objective for the company. in a report on Tuesday, November 8th. Deutsche Bank AG started coverage on shares of United Parcel Service in a report on Wednesday, November 2nd. They set a “hold” rating and a $117.00 price objective for the company. Finally, Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $113.40.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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