United Parcel Service, Inc. (NYSE:UPS) is Value Partners Investments Inc.'s 6th Largest Position

Value Partners Investments Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 91.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,378 shares of the transportation company's stock after selling 530,899 shares during the period. United Parcel Service accounts for approximately 3.4% of Value Partners Investments Inc.'s portfolio, making the stock its 6th largest holding. Value Partners Investments Inc.'s holdings in United Parcel Service were worth $5,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Finally, FMR LLC raised its position in United Parcel Service by 2.5% in the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after purchasing an additional 268,278 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Susquehanna reduced their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup cut their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wolfe Research lowered their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Stock Performance

UPS traded down $0.94 during midday trading on Friday, hitting $97.16. 1,639,877 shares of the company traded hands, compared to its average volume of 5,124,812. The company's 50-day moving average is $98.81 and its 200 day moving average is $115.46. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The firm has a market capitalization of $82.27 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.75%. United Parcel Service's dividend payout ratio (DPR) is currently 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.