Amica Mutual Insurance Co. Sells 20,566 Shares of United Parcel Service, Inc. (NYSE:UPS)

Amica Mutual Insurance Co. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,723 shares of the transportation company's stock after selling 20,566 shares during the period. Amica Mutual Insurance Co.'s holdings in United Parcel Service were worth $5,459,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company's stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company's stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company's stock worth $2,456,055,000 after acquiring an additional 628,944 shares during the last quarter. Envestnet Asset Management Inc. raised its position in United Parcel Service by 36.4% during the third quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company's stock valued at $315,832,000 after purchasing an additional 541,163 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of United Parcel Service by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company's stock valued at $379,245,000 after purchasing an additional 532,934 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 0.7 %

Shares of United Parcel Service stock traded up $0.97 on Monday, reaching $148.56. The stock had a trading volume of 2,654,688 shares, compared to its average volume of 4,309,604. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $126.67 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a 50 day moving average price of $149.56 and a 200 day moving average price of $150.85. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a $1.63 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Friday, February 16th. United Parcel Service's dividend payout ratio (DPR) is presently 94.49%.

Insider Buying and Selling

In related news, Director Eva C. Boratto purchased 1,400 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UPS shares. Evercore ISI restated an "in-line" rating and set a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Argus downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. BMO Capital Markets increased their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 24th. Susquehanna upped their target price on United Parcel Service from $150.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. Finally, Redburn Atlantic upgraded United Parcel Service from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $165.23.

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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