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United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Twin Capital Management Inc.

United Parcel Service logo with Transportation background

Twin Capital Management Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 64.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,403 shares of the transportation company's stock after selling 11,473 shares during the period. Twin Capital Management Inc.'s holdings in United Parcel Service were worth $704,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UPS. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $219,000. Millstone Evans Group LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $39,000. Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. Finally, Plancorp LLC lifted its holdings in United Parcel Service by 21.3% during the 4th quarter. Plancorp LLC now owns 2,387 shares of the transportation company's stock worth $301,000 after buying an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

UPS traded down $0.37 on Monday, hitting $98.85. 3,747,920 shares of the company were exchanged, compared to its average volume of 5,267,599. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The business's fifty day moving average is $99.85 and its 200 day moving average is $107.91. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $146.17. The firm has a market capitalization of $83.71 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. Susquehanna reduced their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial dropped their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their target price on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Bank of America increased their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $119.13.

Get Our Latest Report on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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