United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 561,761 shares of the transportation company's stock after selling 13,688 shares during the period. Voya Investment Management LLC owned approximately 0.07% of United Parcel Service worth $70,838,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after acquiring an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Finally, FMR LLC increased its position in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of 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 lowered their price objective on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Wolfe Research decreased their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Evercore ISI upped their price target on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $126.41.

United Parcel Service Trading Down 0.7 %

NYSE UPS traded down $0.65 during mid-day trading on Tuesday, hitting $96.44. The company's stock had a trading volume of 4,595,822 shares, compared to its average volume of 4,857,171. 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 stock's fifty day simple moving average is $108.22 and its two-hundred day simple moving average is $121.14. The firm has a market capitalization of $82.38 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42.

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

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.80%. United Parcel Service's dividend payout ratio is 97.04%.

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.