Nuveen Asset Management LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

Nuveen Asset Management LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,182,168 shares of the transportation company's stock after selling 365,174 shares during the quarter. Nuveen Asset Management LLC owned 0.37% of United Parcel Service worth $401,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $461,000. HF Advisory Group LLC purchased a new position in United Parcel Service during the 4th quarter valued at $1,305,000. Allspring Global Investments Holdings LLC boosted its holdings in United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock valued at $16,304,000 after acquiring an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its holdings in United Parcel Service by 42.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock valued at $4,302,000 after acquiring an additional 10,176 shares during the period. Finally, Rovin Capital UT ADV boosted its stake in shares of United Parcel Service by 85.7% during the fourth quarter. Rovin Capital UT ADV now owns 4,757 shares of the transportation company's stock valued at $600,000 after purchasing an additional 2,195 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UPS shares. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Bank of America lowered their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Barclays lowered their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $120.87.

United Parcel Service Trading Down 0.3%

NYSE:UPS opened at $99.54 on Thursday. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $150.03. The firm has a 50 day moving average of $103.07 and a 200 day moving average of $118.19. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $85.02 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

United Parcel Service Profile

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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