United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Knuff & Co LLC

Knuff & Co LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 80.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,711 shares of the transportation company's stock after selling 6,856 shares during the quarter. Knuff & Co LLC's holdings in United Parcel Service were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bailard Inc. grew its position in shares of United Parcel Service by 356.8% during the 3rd quarter. Bailard Inc. now owns 52,896 shares of the transportation company's stock valued at $8,245,000 after acquiring an additional 41,317 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in United Parcel Service by 1.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 352,599 shares of the transportation company's stock worth $54,960,000 after purchasing an additional 5,800 shares during the period. Total Clarity Wealth Management Inc. raised its holdings in United Parcel Service by 14.0% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 2,400 shares of the transportation company's stock worth $374,000 after purchasing an additional 294 shares during the period. Wealth Management Partners LLC raised its holdings in United Parcel Service by 16.9% in the 3rd quarter. Wealth Management Partners LLC now owns 7,530 shares of the transportation company's stock worth $1,174,000 after purchasing an additional 1,090 shares during the period. Finally, Forsta AP Fonden raised its holdings in United Parcel Service by 1.0% in the 3rd quarter. Forsta AP Fonden now owns 185,100 shares of the transportation company's stock worth $28,852,000 after purchasing an additional 1,900 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UPS shares. UBS Group raised United Parcel Service from a "neutral" rating to a "buy" rating and upped their price target for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Evercore ISI reaffirmed an "in-line" rating and issued a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. HSBC raised United Parcel Service from a "hold" rating to a "buy" rating and increased their target price for the company from $150.00 to $170.00 in a report on Thursday, April 25th. BMO Capital Markets increased their target price on United Parcel Service from $165.00 to $169.00 and gave the company a "market perform" rating in a report on Wednesday, April 24th. Finally, Oppenheimer increased their target price on United Parcel Service from $153.00 to $157.00 and gave the company an "outperform" rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $165.23.

United Parcel Service Trading Down 0.5 %

United Parcel Service stock traded down $0.79 during mid-day trading on Friday, hitting $146.43. The company's stock had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. The firm has a market capitalization of $124.85 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock's fifty day moving average is $149.39 and its two-hundred day moving average is $150.60.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. United Parcel Service's dividend payout ratio is currently 94.49%.

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.