Man Group plc Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Man Group plc lessened its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 94.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,051 shares of the transportation company's stock after selling 327,113 shares during the quarter. Man Group plc's holdings in United Parcel Service were worth $2,402,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of United Parcel Service by 0.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 88,599 shares of the transportation company's stock worth $11,173,000 after buying an additional 360 shares in the last quarter. NorthRock Partners LLC lifted its holdings in shares of United Parcel Service by 213.9% in the fourth quarter. NorthRock Partners LLC now owns 12,470 shares of the transportation company's stock worth $1,572,000 after buying an additional 8,498 shares in the last quarter. Occudo Quantitative Strategies LP lifted its holdings in shares of United Parcel Service by 1,997.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 47,079 shares of the transportation company's stock worth $5,937,000 after buying an additional 44,834 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in United Parcel Service by 21.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 30,334 shares of the transportation company's stock valued at $3,825,000 after purchasing an additional 5,257 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at $2,234,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 1.1%

UPS stock opened at $96.91 on Friday. The company has a market capitalization of $82.06 billion, a PE ratio of 14.34, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm's 50-day moving average is $100.84 and its 200 day moving average is $116.72. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.77%. The ex-dividend date is Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UPS shares. Barclays decreased their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Loop Capital decreased their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Oppenheimer decreased their price target on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets decreased their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup decreased their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Company 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.

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