Telos Capital Management Inc. Reduces Holdings in United Parcel Service, Inc. $UPS

Telos Capital Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 75.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,765 shares of the transportation company’s stock after selling 70,901 shares during the period. Telos Capital Management Inc.’s holdings in United Parcel Service were worth $1,902,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of United Parcel Service by 1.2% in the second quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock valued at $6,753,405,000 after acquiring an additional 768,912 shares in the last quarter. State Street Corp raised its stake in United Parcel Service by 1.5% in the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock valued at $3,106,381,000 after purchasing an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in United Parcel Service by 3.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock valued at $2,603,459,000 after purchasing an additional 746,667 shares in the last quarter. Geode Capital Management LLC lifted its holdings in United Parcel Service by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after purchasing an additional 762,407 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $851,842,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $111.94 on Wednesday. The business’s fifty day moving average price is $102.44 and its 200 day moving average price is $93.68. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $94.97 billion, a P/E ratio of 17.06, a PEG ratio of 1.73 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.75 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.9%. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UPS. UBS Group boosted their price objective on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Evercore ISI raised their price objective on United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Stifel Nicolaus lifted their price objective on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group increased their target price on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $113.67.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

About United Parcel Service

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.