United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 62.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,774 shares of the transportation company's stock after selling 22,664 shares during the quarter. Bessemer Group Inc.'s holdings in United Parcel Service were worth $1,515,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UPS. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Wolfe Research cut 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. Citigroup cut their price objective 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. Bank of America lifted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Oppenheimer cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Trading Up 0.6%

NYSE:UPS opened at $101.22 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock's 50-day moving average is $98.18 and its two-hundred day moving average is $110.44. The stock has a market cap of $85.71 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio is 95.63%.

About United Parcel Service

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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