United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 159,356 shares of the transportation company's stock after selling 14,689 shares during the period. Nisa Investment Advisors LLC's holdings in United Parcel Service were worth $17,528,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after buying an additional 370,705 shares in the last quarter. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. raised its position in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. FMR LLC grew its holdings in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the period. Finally, Norges Bank purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $1,075,393,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

UPS has been the subject of several research analyst reports. Wolfe Research lowered their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Citigroup lifted their price objective on United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Raymond James Financial lowered their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $119.13.

United Parcel Service Stock Down 1.0%

NYSE:UPS traded down $1.06 during mid-day trading on Friday, hitting $101.87. The company had a trading volume of 1,714,947 shares, compared to its average volume of 5,999,453. The business has a fifty day simple moving average of $99.32 and a 200-day simple moving average of $109.23. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $86.26 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.96 and a beta of 1.21. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company's revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.44%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.