Raleigh Capital Management Inc. Has $984,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Raleigh Capital Management Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,214 shares of the transportation company’s stock after selling 115 shares during the period. Raleigh Capital Management Inc.’s holdings in United Parcel Service were worth $984,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were acquired 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 of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on UPS shares. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Susquehanna reduced their target price 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. Evercore ISI reduced their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Finally, Wells Fargo & Company increased their price target 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Trading Down 3.4 %

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

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $2.54 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

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

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.