Swiss National Bank Trims Holdings in United Parcel Service, Inc. $UPS

Key Points

• Swiss National Bank trimmed its stake in United Parcel Service by 4.7% in Q3, selling 105,300 shares and leaving it with 2,115,100 shares valued at about $176.7 million (≈0.25% of the company).
• UPS beat the quarter with EPS $2.38 vs. $2.20 expected and revenue of $24.48B (vs. $23.91B), though revenue was down 3.2% year-over-year; the company also pays a quarterly dividend of $1.64 (annualized $6.56, ~6.6% yield) with a 100% payout ratio.

Swiss National Bank reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,115,100 shares of the transportation company's stock after selling 105,300 shares during the quarter. Swiss National Bank owned 0.25% of United Parcel Service worth $176,674,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Evelyn Partners Investment Management Europe Ltd lifted its stake in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Salzhauer Michael purchased a new position in shares of United Parcel Service during the third quarter worth $31,000. Physician Wealth Advisors Inc. grew its stake in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock valued at $31,000 after buying an additional 163 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at $34,000. Finally, Avion Wealth raised its holdings in shares of United Parcel Service by 284.1% in the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company's stock valued at $36,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business's stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Sanford C. Bernstein lifted their target price on United Parcel Service from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, January 9th. BNP Paribas Exane lowered shares of United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 price target on the stock. in a research note on Tuesday, January 13th. HSBC raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, January 28th. Finally, Citigroup dropped their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $113.67.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $99.87 on Tuesday. The stock's 50-day moving average is $110.09 and its two-hundred day moving average is $97.71. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $123.70. The company has a market cap of $84.80 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.United Parcel Service's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.75 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.6%. United Parcel Service's dividend payout ratio (DPR) is 100.00%.

United Parcel Service Company Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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