Clarkston Capital Partners LLC Sells 18,982 Shares of United Parcel Service, Inc. $UPS

Key Points

• Clarkston Capital Partners reduced its stake in United Parcel Service by 8.2% in Q3, selling 18,982 shares and leaving it with 211,940 shares valued at $17.703 million.
• UPS beat estimates for the quarter with EPS of $2.38 (vs. $2.20) and revenue of $24.48 billion, but revenue was down 3.2% year‑over‑year and analysts' consensus rating is a Hold with a $113.67 price target.
• UPS pays a $1.64 quarterly dividend (annualized $6.56) for a 6.4% yield and a 100% payout ratio, and an insider (Norman M. Brothers, Jr.) recently sold 25,014 shares at an average price of $106.15.

Clarkston Capital Partners LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,940 shares of the transportation company's stock after selling 18,982 shares during the period. Clarkston Capital Partners LLC's holdings in United Parcel Service were worth $17,703,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UPS. Norges Bank bought a new stake in shares of United Parcel Service during the second quarter worth about $851,842,000. Laurel Wealth Advisors LLC lifted its position in United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company's stock valued at $252,695,000 after acquiring an additional 2,481,864 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in United Parcel Service by 78.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company's stock valued at $412,528,000 after acquiring an additional 1,799,882 shares in the last quarter. Invesco Ltd. boosted its stake in United Parcel Service by 45.4% during the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company's stock valued at $578,467,000 after purchasing an additional 1,789,467 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company's stock valued at $231,388,000 after purchasing an additional 1,119,372 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 1.7%

UPS opened at $102.35 on Monday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70. The company has a market cap of $86.91 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $110.08 and a 200 day moving average of $97.61.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. United Parcel Service's payout ratio is 100.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on UPS. Deutsche Bank Aktiengesellschaft increased their price objective on United Parcel Service from $88.00 to $106.00 and gave the stock a "hold" rating in a research note on Wednesday, January 28th. Susquehanna lifted their target price on United Parcel Service from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. BMO Capital Markets upped their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a "market perform" rating in a report on Wednesday, January 28th. Oppenheimer increased their price target on United Parcel Service from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on United Parcel Service from $99.00 to $107.00 and gave the company a "neutral" rating in a research note 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $113.67.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business's stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

United Parcel Service Company 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.

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