United Parcel Service, Inc. $UPS Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue reduced its stake in United Parcel Service by 20.3% in Q4, selling 23,965 shares and leaving 94,136 shares valued at about $9.34 million.
• UPS reported Q results with $2.38 EPS (beating estimates) while revenue fell 3.2% YoY, and it pays a quarterly dividend of $1.64 (annualized $6.56) for a 6.4% yield100% payout ratio.
• Analysts' consensus is a "Hold" with an average price target of $113.03, even as large institutions like Vanguard and State Street have recently increased their UPS positions.

State of Alaska Department of Revenue reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,136 shares of the transportation company's stock after selling 23,965 shares during the quarter. State of Alaska Department of Revenue's holdings in United Parcel Service were worth $9,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company's stock worth $5,619,730,000 after acquiring an additional 372,850 shares in the last quarter. State Street Corp boosted its position in shares of United Parcel Service by 0.9% during the 3rd quarter. State Street Corp now owns 31,063,250 shares of the transportation company's stock worth $2,594,713,000 after acquiring an additional 288,720 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company's stock worth $667,109,000 after acquiring an additional 761,217 shares in the last quarter. Invesco Ltd. boosted its position in shares of United Parcel Service by 17.3% in the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company's stock valued at $561,678,000 after purchasing an additional 993,461 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of United Parcel Service by 10.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company's stock valued at $423,746,000 after purchasing an additional 486,384 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.3%

UPS opened at $102.00 on Tuesday. The business has a 50 day moving average price of $106.34 and a two-hundred day moving average price of $99.97. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The company has a market cap of $86.61 billion, a PE ratio of 15.55, a P/E/G ratio of 1.60 and a beta of 1.12. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm's revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.75 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.4%. United Parcel Service's dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Oppenheimer upped their target price on United Parcel Service from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Bank of America raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $114.00 target price for the company in a research report on Friday, January 9th. Wells Fargo & Company upped their target price on United Parcel Service from $96.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 28th. Wolfe Research reissued a "peer perform" rating on shares of United Parcel Service in a research report on Thursday, January 8th. Finally, Susquehanna upped their target price on United Parcel Service from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average price target of $113.03.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company's stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

United Parcel Service Company Profile

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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