AIA Group Ltd Sells 15,979 Shares of United Parcel Service, Inc. (NYSE:UPS)

AIA Group Ltd lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 82.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,504 shares of the transportation company's stock after selling 15,979 shares during the period. AIA Group Ltd's holdings in United Parcel Service were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the 4th quarter worth about $26,000. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after buying an additional 171 shares during the last quarter. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock traded up $0.90 during mid-day trading on Wednesday, reaching $110.16. 4,509,181 shares of the company's stock traded hands, compared to its average volume of 4,669,280. 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 $106.68 and a 12-month high of $154.29. The stock has a 50 day moving average of $117.20 and a two-hundred day moving average of $126.04. The company has a market cap of $94.10 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.55 and a beta of 0.94.

Remove Ads

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the firm posted $2.47 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is an increase 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 dividend yield of 5.95%. United Parcel Service's dividend payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research analyst reports. Loop Capital cut their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Citigroup dropped their target price on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped 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. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.83.

United Parcel Service Company 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.