United Parcel Service, Inc. $UPS Shares Sold by Fisher Asset Management LLC

Key Points

• Fisher Asset Management cut its UPS stake by 14.9% in the fourth quarter, selling 9,965 shares and ending with 56,962 shares valued at about $5.65 million.
• UPS reported quarterly earnings of $1.07 per share, topping estimates, while revenue came in at $21.20 billion, slightly above forecasts but down 1.4% from a year earlier.
• The company announced a quarterly dividend of $1.64 per share, implying a 6.2% yield, though the payout ratio is high at 106.15%.

Fisher Asset Management LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,962 shares of the transportation company's stock after selling 9,965 shares during the period. Fisher Asset Management LLC's holdings in United Parcel Service were worth $5,650,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Coston McIsaac & Partners increased its holdings in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. increased its holdings in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock valued at $31,000 after purchasing an additional 163 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company's stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company's stock valued at $40,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $106.65 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $100.82 and a two-hundred day moving average price of $103.05. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a market capitalization of $90.65 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the firm posted $1.49 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.2%. The ex-dividend date is Monday, May 18th. United Parcel Service's dividend payout ratio (DPR) is 106.15%.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. Susquehanna increased their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a "neutral" rating in a report on Wednesday, April 29th. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, April 29th. Citigroup increased their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Evercore cut their price target on shares of United Parcel Service from $115.00 to $113.00 and set an "in-line" rating for the company in a report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of United Parcel Service from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $111.50.

About United Parcel Service

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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