Bessemer Group Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 68.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,974 shares of the transportation company’s stock after selling 53,176 shares during the period. Bessemer Group Inc.’s holdings in United Parcel Service were worth $2,799,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its stake in shares of United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after purchasing an additional 600 shares during the period. Advisors Preferred LLC lifted its stake in shares of United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,015 shares during the period. Psagot Investment House Ltd. bought a new position in shares of United Parcel Service in the 3rd quarter worth approximately $121,000. Country Trust Bank lifted its stake in shares of United Parcel Service by 78.4% in the 2nd quarter. Country Trust Bank now owns 1,215 shares of the transportation company’s stock worth $129,000 after purchasing an additional 534 shares during the period. Finally, ELM Advisors LLC bought a new position in shares of United Parcel Service in the 3rd quarter worth approximately $140,000. Institutional investors own 54.07% of the company’s stock.

UPS traded down $2.72 during trading on Friday, reaching $105.32. 3,171,957 shares of the company traded hands, compared to its average volume of 2,720,825. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12-month low of $101.45 and a 12-month high of $135.53. The firm has a market cap of $92.83 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The business had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same period last year, the firm posted $1.45 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Monday, November 19th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, November 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

Several brokerages have recently weighed in on UPS. Morgan Stanley increased their price objective on shares of United Parcel Service from $92.00 to $93.00 and gave the stock a “sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Credit Suisse Group reduced their target price on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Citigroup lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating in a report on Friday, November 2nd. Finally, Robert W. Baird reduced their target price on shares of United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $125.33.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.

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

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