United Parcel Service, Inc. (NYSE:UPS) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 71.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,299 shares of the transportation company’s stock after selling 122,800 shares during the quarter. UniSuper Management Pty Ltd’s holdings in United Parcel Service were worth $6,091,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $393,680,000. Two Sigma Advisers LP boosted its position in United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after purchasing an additional 1,851,900 shares during the period. Van ECK Associates Corp grew its stake in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after buying an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares during the period. Finally, Amundi lifted its stake in United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after buying an additional 1,277,328 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.0 %

Shares of NYSE UPS opened at $111.05 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $154.29. The company has a market cap of $94.85 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.55 and a beta of 0.94. The business has a fifty day simple moving average of $118.92 and a 200-day simple moving average of $126.58.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm posted $2.47 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.91%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analyst Ratings Changes

A number of research firms recently weighed in on UPS. Citigroup dropped their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Susquehanna cut their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus lowered their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

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.