Brookstone Capital Management Has $6.56 Million Holdings in United Parcel Service, Inc. (UPS)

Brookstone Capital Management decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,156 shares of the transportation company’s stock after selling 2,764 shares during the quarter. Brookstone Capital Management’s holdings in United Parcel Service were worth $6,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of UPS. Vulcan Value Partners LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $308,056,000. Mainstay Capital Management LLC ADV grew its position in shares of United Parcel Service by 4,846.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 890,030 shares of the transportation company’s stock valued at $9,208,000 after purchasing an additional 872,038 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of United Parcel Service by 10,460.5% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 852,658 shares of the transportation company’s stock valued at $8,053,000 after purchasing an additional 844,584 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $77,014,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $62,422,000. 53.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

A number of research analysts have recently commented on UPS shares. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Monday, July 16th. Goldman Sachs Group set a $139.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Tuesday, July 24th. Citigroup reduced their price target on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Finally, Cowen restated a “hold” rating and set a $128.00 price target on shares of United Parcel Service in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $125.66.

Shares of NYSE:UPS opened at $109.51 on Friday. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53. The firm has a market capitalization of $93.48 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.62 and a beta of 1.14. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.32%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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