United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,298,895 shares of the transportation company's stock after selling 81,851 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.15% of United Parcel Service worth $204,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chesapeake Wealth Management lifted its holdings in shares of United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company's stock worth $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC increased its position in United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company's stock valued at $60,908,000 after purchasing an additional 44,721 shares during the period. CapWealth Advisors LLC increased its position in United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company's stock valued at $9,148,000 after purchasing an additional 686 shares during the period. Telos Capital Management Inc. grew its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company's stock worth $11,587,000 after buying an additional 740 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of United Parcel Service by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company's stock worth $578,053,000 after buying an additional 200,297 shares during the period. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Evercore ISI reaffirmed an "in-line" rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. Oppenheimer raised their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. HSBC raised shares of United Parcel Service from a "hold" rating to a "buy" rating and raised their price objective for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Raymond James dropped their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 31st. Finally, TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a "hold" rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $165.23.

United Parcel Service Stock Performance

Shares of UPS stock traded up $0.03 on Wednesday, hitting $147.97. 2,695,931 shares of the stock were exchanged, compared to its average volume of 4,111,508. 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 firm has a market capitalization of $126.60 billion, a PE ratio of 21.44, a P/E/G ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The firm's 50 day moving average is $149.30 and its two-hundred day moving average is $150.70.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping 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 business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the company earned $2.20 EPS. The firm's revenue was down 5.3% compared to the same quarter last year. Sell-side analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.41%. United Parcel Service's 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.