Telos Capital Management Inc. Sells 237 Shares of United Parcel Service, Inc. (NYSE:UPS)

Telos Capital Management Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,478 shares of the transportation company’s stock after selling 237 shares during the period. United Parcel Service accounts for approximately 1.4% of Telos Capital Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Telos Capital Management Inc.’s holdings in United Parcel Service were worth $13,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RFG Advisory LLC lifted its stake in shares of United Parcel Service by 49.9% in the first quarter. RFG Advisory LLC now owns 6,459 shares of the transportation company’s stock valued at $960,000 after buying an additional 2,149 shares in the last quarter. Austin Private Wealth LLC bought a new position in United Parcel Service in the 1st quarter valued at about $233,000. Sarasin & Partners LLP boosted its stake in United Parcel Service by 2.5% during the 1st quarter. Sarasin & Partners LLP now owns 615,365 shares of the transportation company’s stock valued at $91,462,000 after purchasing an additional 14,739 shares during the last quarter. Eagle Rock Investment Company LLC increased its holdings in United Parcel Service by 6.8% during the 1st quarter. Eagle Rock Investment Company LLC now owns 30,663 shares of the transportation company’s stock worth $4,557,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of United Parcel Service by 9.5% in the first quarter. Sunbelt Securities Inc. now owns 15,982 shares of the transportation company’s stock worth $2,375,000 after purchasing an additional 1,381 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. BMO Capital Markets cut their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Bank of America cut their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Susquehanna decreased their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.05.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 3.4 %

UPS opened at $131.35 on Tuesday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a market cap of $112.51 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $130.34 and a 200 day moving average of $136.33.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.96%. United Parcel Service’s dividend payout ratio is currently 106.36%.

United Parcel Service 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.