Fort Sheridan Advisors LLC Sells 250 Shares of United Parcel Service, Inc. (NYSE:UPS)

Fort Sheridan Advisors LLC lowered its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,400 shares of the transportation company’s stock after selling 250 shares during the period. Fort Sheridan Advisors LLC’s holdings in United Parcel Service were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Abbrea Capital LLC boosted its holdings in United Parcel Service by 0.8% in the 2nd quarter. Abbrea Capital LLC now owns 7,123 shares of the transportation company’s stock valued at $1,277,000 after purchasing an additional 55 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in United Parcel Service by 3.4% during the second quarter. Beaumont Financial Advisors LLC now owns 1,678 shares of the transportation company’s stock worth $301,000 after acquiring an additional 55 shares during the last quarter. Bristlecone Advisors LLC lifted its stake in shares of United Parcel Service by 0.4% in the 2nd quarter. Bristlecone Advisors LLC now owns 13,511 shares of the transportation company’s stock valued at $2,422,000 after purchasing an additional 56 shares during the last quarter. Detalus Advisors LLC increased its position in shares of United Parcel Service by 2.7% during the 2nd quarter. Detalus Advisors LLC now owns 2,168 shares of the transportation company’s stock worth $389,000 after purchasing an additional 57 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in United Parcel Service by 6.9% in the second quarter. Addison Advisors LLC now owns 903 shares of the transportation company’s stock valued at $162,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UPS shares. BMO Capital Markets dropped their price objective on United Parcel Service from $165.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Susquehanna cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a research report on Thursday, December 21st. TD Cowen decreased their target price on United Parcel Service from $175.00 to $147.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Finally, Barclays decreased their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Seventeen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $177.76.

Read Our Latest Report on United Parcel Service

United Parcel Service Stock Down 0.3 %

UPS stock opened at $141.42 on Monday. The company has a market cap of $120.48 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The company has a fifty day moving average price of $156.13 and a 200 day moving average price of $158.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.22. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the prior year, the company earned $3.62 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. Sell-side analysts expect that United Parcel Service, Inc. will post 8.48 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th will be issued a $1.63 dividend. The ex-dividend date is Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.61%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is presently 83.18%.

About United Parcel Service

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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