Sanctuary Advisors LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sanctuary Advisors LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,355 shares of the transportation company’s stock after selling 24,246 shares during the quarter. Sanctuary Advisors LLC’s holdings in United Parcel Service were worth $15,283,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Finally, Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $128.76 on Friday. The firm has a market cap of $109.88 billion, a PE ratio of 19.45, a PEG ratio of 2.12 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $132.94 and its two-hundred day moving average price is $132.78.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UPS. Oppenheimer lifted their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America lifted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.29.

United Parcel Service Company 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.