AQR Capital Management LLC Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

AQR Capital Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 52.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,124 shares of the transportation company's stock after selling 192,762 shares during the quarter. AQR Capital Management LLC's holdings in United Parcel Service were worth $21,720,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in United Parcel Service by 9.6% in the fourth quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock worth $932,081,000 after purchasing an additional 648,539 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United Parcel Service by 3.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 606,895 shares of the transportation company's stock worth $76,529,000 after buying an additional 20,160 shares during the last quarter. Bellwether Advisors LLC bought a new position in United Parcel Service during the fourth quarter valued at about $107,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $31,000. Finally, Quarry LP purchased a new stake in United Parcel Service during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.9 %

Shares of United Parcel Service stock traded down $0.82 on Monday, reaching $95.58. The stock had a trading volume of 5,401,919 shares, compared to its average volume of 4,962,297. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $81.64 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a 50 day moving average price of $106.54 and a 200 day moving average price of $120.05. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.86%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UPS. Truist Financial dropped their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Galvan Research dropped their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $120.87.

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.