Hantz Financial Services Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,191 shares of the transportation company's stock after selling 16,096 shares during the period. Hantz Financial Services Inc.'s holdings in United Parcel Service were worth $2,294,000 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. State Street Corp lifted its holdings in United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Finally, FMR LLC grew its stake in shares of United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after purchasing an additional 380,229 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at United Parcel Service
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.
United Parcel Service Stock Performance
United Parcel Service stock traded down $0.71 during mid-day trading on Friday, hitting $114.19. 15,842,034 shares of the company's stock traded hands, compared to its average volume of 6,791,747. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $128.72 and a two-hundred day simple moving average of $130.61. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95. The stock has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.71%. United Parcel Service's payout ratio is currently 98.49%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on UPS. UBS Group reduced their target price on United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a report on Friday. Argus upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Barclays restated an "underweight" rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $141.95.
View Our Latest Stock Analysis on United Parcel Service
United Parcel Service Company Profile
(
Free Report)
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.
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