Sage Mountain Advisors LLC Reduces Position in United Parcel Service, Inc. $UPS

Sage Mountain Advisors LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,060 shares of the transportation company’s stock after selling 4,852 shares during the quarter. Sage Mountain Advisors LLC’s holdings in United Parcel Service were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd boosted its holdings in shares of United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service in the 2nd quarter worth approximately $26,000. Salzhauer Michael bought a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $31,000. RMG Wealth Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $34,000. Finally, FNY Investment Advisers LLC bought a new position in shares of United Parcel Service during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $106.55 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock has a market cap of $90.39 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.33 and a beta of 1.11. The business’s 50 day moving average price is $99.71 and its 200-day moving average price is $93.19. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. During the same quarter last year, the company earned $1.76 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 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, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on UPS shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. JPMorgan Chase & Co. increased their price target on shares of United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Sanford C. Bernstein lifted their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.73.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.