United Parcel Service, Inc. $UPS Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. trimmed its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636,500 shares of the transportation company's stock after selling 37,300 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.07% of United Parcel Service worth $70,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Graybill Wealth Management LTD. purchased a new position in United Parcel Service in the 1st quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter worth $27,000. Citizens National Bank Trust Department boosted its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. Finally, Hemington Wealth Management boosted its position in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on UPS shares. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Bank of America cut their price target on United Parcel Service from $98.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday. Wolfe Research cut their price target on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. UBS Group cut their price target on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $112.59.

United Parcel Service Stock Down 2.5%

NYSE UPS opened at $85.27 on Wednesday. The stock has a market cap of $72.27 billion, a PE ratio of 12.69, a P/E/G ratio of 1.60 and a beta of 1.08. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The business has a 50 day moving average price of $94.11 and a two-hundred day moving average price of $100.60. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by insiders.

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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