Independent Advisor Alliance Has $5.24 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Independent Advisor Alliance decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,437 shares of the transportation company's stock after selling 7,788 shares during the quarter. Independent Advisor Alliance's holdings in United Parcel Service were worth $5,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Fisher Asset Management LLC boosted its holdings in United Parcel Service by 5.0% in the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company's stock valued at $16,916,000 after acquiring an additional 5,956 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of United Parcel Service by 12.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 91,262 shares of the transportation company's stock valued at $12,443,000 after purchasing an additional 9,898 shares in the last quarter. Garner Asset Management Corp increased its position in United Parcel Service by 4.4% during the 3rd quarter. Garner Asset Management Corp now owns 12,995 shares of the transportation company's stock worth $1,772,000 after purchasing an additional 543 shares in the last quarter. Marco Investment Management LLC raised its holdings in United Parcel Service by 2.5% in the third quarter. Marco Investment Management LLC now owns 112,632 shares of the transportation company's stock valued at $15,356,000 after buying an additional 2,800 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in United Parcel Service by 8.9% during the third quarter. Summit Trail Advisors LLC now owns 5,924 shares of the transportation company's stock valued at $808,000 after buying an additional 483 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Up 2.0 %

Shares of UPS traded up $2.64 during trading hours on Monday, hitting $137.46. 2,617,675 shares of the company were exchanged, compared to its average volume of 4,151,514. The firm's 50 day moving average is $132.98 and its 200-day moving average is $134.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a market cap of $117.30 billion, a PE ratio of 20.37, a PEG ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service's payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UPS shares. Argus upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Barclays restated an "underweight" rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Citigroup reduced their target price on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, Evercore ISI lifted their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $151.52.

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.