Confluence Investment Management LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 602,472 shares of the transportation company's stock after selling 11,315 shares during the period. Confluence Investment Management LLC owned about 0.07% of United Parcel Service worth $75,972,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Principal Financial Group Inc. increased its holdings in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Synovus Financial Corp boosted its position in United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after buying an additional 6,941 shares during the period. Van ECK Associates Corp grew its holdings in United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC increased its position in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company's stock valued at $2,503,000 after acquiring an additional 3,835 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. raised its stake in shares of United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company's stock valued at $1,988,000 after acquiring an additional 6,073 shares during the last quarter. 60.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
UPS has been the subject of several analyst reports. Stifel Nicolaus raised their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company increased their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Bank of America boosted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, BMO Capital Markets raised shares of United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average price target of $151.10.
Get Our Latest Stock Analysis on UPS
United Parcel Service Stock Down 1.8 %
Shares of NYSE UPS traded down $2.23 during mid-day trading on Thursday, reaching $123.87. 3,050,302 shares of the company's stock traded hands, compared to its average volume of 4,201,786. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50-day simple moving average of $130.73 and a 200 day simple moving average of $131.69. The stock has a market cap of $105.71 billion, a P/E ratio of 18.71, a PEG ratio of 2.11 and a beta of 0.98. United Parcel Service, Inc. has a 1-year low of $122.01 and a 1-year high of $161.48.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company'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 posted $1.57 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio is 98.49%.
Insider Activity
In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.
United Parcel Service Company Profile
(
Free Report)
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.
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