Brighton Jones LLC Has $1.01 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Brighton Jones LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 40.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,403 shares of the transportation company’s stock after selling 5,065 shares during the quarter. Brighton Jones LLC’s holdings in United Parcel Service were worth $1,009,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. 180 Wealth Advisors LLC grew its position in shares of United Parcel Service by 8.3% in the first quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 127 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of United Parcel Service in the first quarter valued at about $295,000. Financial Management Professionals Inc. lifted its stake in shares of United Parcel Service by 12.6% in the first quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock valued at $332,000 after buying an additional 249 shares during the period. Silverleafe Capital Partners LLC bought a new stake in shares of United Parcel Service in the first quarter valued at about $681,000. Finally, Griffin Asset Management Inc. lifted its stake in shares of United Parcel Service by 12.1% in the first quarter. Griffin Asset Management Inc. now owns 46,591 shares of the transportation company’s stock valued at $6,925,000 after buying an additional 5,027 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $138.35 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $118.51 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.93 and a beta of 0.99. The firm has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $136.15. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.54 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 106.36%.

Analyst Upgrades and Downgrades

UPS has been the subject of several research reports. UBS Group reduced their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Stephens cut their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

About United Parcel Service

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.