Chevy Chase Trust Holdings LLC Reduces Holdings in United Parcel Service, Inc. $UPS

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in United Parcel Service by 2.9% in Q3, selling 11,923 shares to hold 392,338 shares valued at $32.77 million.
• UPS beat quarterly EPS expectations with $2.38 vs. $2.20 consensus while reporting $24.48 billion in revenue (down 3.2% YoY), a net margin of 6.28% and a return on equity of 38.3%.
• High dividend and mixed analyst view: UPS pays a $1.64 quarterly dividend (annualized $6.56) for a 6.7% yield with a 100% payout ratio, and analysts have a consensus "Hold" rating with an average price target of $113.67.

Chevy Chase Trust Holdings LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,338 shares of the transportation company's stock after selling 11,923 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in United Parcel Service were worth $32,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Evelyn Partners Investment Management Europe Ltd grew 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 last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of United Parcel Service in the 2nd quarter valued at about $34,000. Salzhauer Michael purchased a new stake in shares of United Parcel Service in the 3rd quarter valued at about $31,000. Physician Wealth Advisors Inc. boosted its position in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock valued at $31,000 after purchasing an additional 163 shares during the period. Finally, Avion Wealth grew its stake in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company's stock worth $36,000 after buying an additional 321 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.6%

UPS stock opened at $97.27 on Monday. The stock has a market capitalization of $82.59 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08. The company has a fifty day moving average of $110.04 and a 200-day moving average of $98.02. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm had revenue of $24.48 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same period in the prior year, the company posted $2.75 earnings per share. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. United Parcel Service's payout ratio is 100.00%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UPS shares. Wolfe Research reiterated a "peer perform" rating on shares of United Parcel Service in a research note on Thursday, January 8th. BMO Capital Markets raised their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 28th. Sanford C. Bernstein upped their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, January 9th. Weiss Ratings upgraded shares of United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, February 6th. Finally, Citigroup lowered their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock 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 stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.