Sage Capital Advisors llc Acquires 572 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sage Capital Advisors llc grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,607 shares of the transportation company’s stock after buying an additional 572 shares during the quarter. United Parcel Service makes up 1.6% of Sage Capital Advisors llc’s portfolio, making the stock its 20th largest position. Sage Capital Advisors llc’s holdings in United Parcel Service were worth $5,945,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after purchasing an additional 178,394 shares in the last quarter. Wellington Management Group LLP raised its position in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the period. Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after acquiring an additional 20,426 shares during the last quarter. Finally, American Century Companies Inc. increased its position in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPS. BMO Capital Markets reduced their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Barclays decreased their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI decreased their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Trading Down 0.2 %

NYSE:UPS opened at $130.96 on Wednesday. The company has a market cap of $112.18 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The business has a 50 day moving average price of $128.95 and a two-hundred day moving average price of $137.47. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. During the same quarter in the prior year, the company earned $2.54 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.98%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

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.