Two Sigma Advisers LP Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Two Sigma Advisers LP trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 31.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,425,744 shares of the transportation company's stock after selling 648,356 shares during the quarter. Two Sigma Advisers LP owned approximately 0.17% of United Parcel Service worth $179,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its position in United Parcel Service by 68.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,937 shares of the transportation company's stock valued at $1,631,000 after purchasing an additional 5,241 shares during the period. Sax Wealth Advisors LLC increased its stake in United Parcel Service by 31.1% during the 4th quarter. Sax Wealth Advisors LLC now owns 6,229 shares of the transportation company's stock valued at $786,000 after purchasing an additional 1,476 shares in the last quarter. HB Wealth Management LLC increased its position in shares of United Parcel Service by 18.8% during the fourth quarter. HB Wealth Management LLC now owns 39,106 shares of the transportation company's stock worth $4,931,000 after acquiring an additional 6,183 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of United Parcel Service by 636.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 58,465 shares of the transportation company's stock worth $7,372,000 after purchasing an additional 50,530 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in United Parcel Service by 7.3% during the 4th quarter. Financial Management Professionals Inc. now owns 2,714 shares of the transportation company's stock valued at $342,000 after acquiring an additional 184 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $1.50 during mid-day trading on Tuesday, hitting $97.61. The company had a trading volume of 4,665,670 shares, compared to its average volume of 5,109,324. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a market capitalization of $83.38 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 1.23. The stock's 50-day moving average price is $101.68 and its 200-day moving average price is $117.11.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Susquehanna reduced their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Thursday, May 1st. Wells Fargo & Company restated an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, Wolfe Research lowered their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.