Envestnet Asset Management Inc. Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Envestnet Asset Management Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,297,356 shares of the transportation company's stock after selling 132,130 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of United Parcel Service worth $163,597,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after buying an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of United Parcel Service by 2.7% during 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 buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Finally, Amundi grew its position in shares of United Parcel Service by 14.6% in the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after buying an additional 1,277,328 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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United Parcel Service Price Performance

UPS stock traded down $4.54 during mid-day trading on Thursday, reaching $95.12. The company's stock had a trading volume of 2,629,084 shares, compared to its average volume of 4,773,972. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company's 50 day moving average is $112.70 and its two-hundred day moving average is $124.44. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The stock has a market cap of $81.25 billion, a PE ratio of 13.99, a P/E/G ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period in the previous year, the firm earned $2.47 earnings per share. Equities research analysts expect 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 issued a $1.64 dividend. 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 6.90%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UPS shares. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. UBS Group dropped their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Loop Capital decreased their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Finally, Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.32.

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.