BBR Partners LLC Has $88.08 Million Position in United Parcel Service, Inc. (NYSE:UPS)

BBR Partners LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 0.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 646,056 shares of the transportation company’s stock after selling 93 shares during the quarter. United Parcel Service makes up about 6.7% of BBR Partners LLC’s portfolio, making the stock its 3rd largest position. BBR Partners LLC’s holdings in United Parcel Service were worth $88,083,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Blackston Financial Advisory Group LLC boosted its position in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the last quarter. Cigna Investments Inc. New lifted its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares during the period. Gleason Group Inc. boosted its position in shares of United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 77 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in United Parcel Service by 0.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after purchasing an additional 79 shares during the period. Finally, Banco Santander S.A. increased its holdings in United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Susquehanna raised their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Performance

UPS stock opened at $135.69 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $115.79 billion, a PE ratio of 20.50, a P/E/G ratio of 2.26 and a beta of 0.99. The business has a 50 day moving average of $133.34 and a 200-day moving average of $133.96. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

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.