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

United Parcel Service logo with Transportation background

Victory Capital Management Inc. lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 41.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 634,509 shares of the transportation company's stock after selling 449,409 shares during the quarter. Victory Capital Management Inc. owned 0.07% of United Parcel Service worth $69,790,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $219,000. Madison Investment Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $9,115,000. Evoke Wealth LLC raised its holdings in United Parcel Service by 25.7% in the 4th quarter. Evoke Wealth LLC now owns 2,399 shares of the transportation company's stock valued at $303,000 after acquiring an additional 491 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in United Parcel Service during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPS. Bank of America lifted 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 note on Friday, May 16th. Galvan Research cut their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, UBS Group reduced their target price on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $119.13.

Read Our Latest Stock Analysis on United Parcel Service

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.49 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $84.25 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.92 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The business has a 50 day moving average price of $99.79 and a 200 day moving average price of $108.33.

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, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.59%. United Parcel Service's payout ratio is 95.63%.

About United Parcel Service

(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.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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