Numerai GP LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

Numerai GP LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 81.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,833 shares of the transportation company's stock after selling 34,038 shares during the period. Numerai GP LLC's holdings in United Parcel Service were worth $988,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Occudo Quantitative Strategies LP lifted its holdings in shares of United Parcel Service by 1,997.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 47,079 shares of the transportation company's stock worth $5,937,000 after purchasing an additional 44,834 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in shares of United Parcel Service by 21.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 30,334 shares of the transportation company's stock worth $3,825,000 after purchasing an additional 5,257 shares during the period. Measured Risk Portfolios Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $2,234,000. Minot DeBlois Advisors LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $645,000. Finally, Mork Capital Management LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $996,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.3%

Shares of UPS stock opened at $99.54 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market cap of $85.02 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.55 and a beta of 1.23. The stock has a 50 day simple moving average of $103.07 and a 200-day simple moving average of $118.19. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $150.03.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.59%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Susquehanna decreased their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Bank of America decreased their target price on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Morgan Stanley lowered their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $120.87.

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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