Manchester Capital Management LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 493,830 shares of the transportation company's stock after selling 6,634 shares during the quarter. United Parcel Service comprises approximately 7.2% of Manchester Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. Manchester Capital Management LLC owned about 0.06% of United Parcel Service worth $62,272,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in UPS. State Street Corp boosted its stake in United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock worth $4,035,313,000 after purchasing an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after buying an additional 373,202 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Finally, FMR LLC raised its stake in United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after acquiring an additional 380,229 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Price Performance
NYSE:UPS traded down $0.78 during trading hours on Tuesday, reaching $115.45. 5,405,944 shares of the company were exchanged, compared to its average volume of 6,747,762. 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 firm has a market cap of $98.52 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The stock's 50-day moving average is $124.29 and its 200-day moving average is $128.67.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm posted $2.47 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.
United Parcel Service Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is 96.45%.
Analyst Upgrades and Downgrades
UPS has been the topic of several research analyst reports. Barclays reiterated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a research report on Wednesday, January 8th. Raymond James decreased their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research note on Friday, January 31st. UBS Group cut their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on shares of United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.73.
Check Out Our Latest Analysis on United Parcel Service
Insider Transactions at United Parcel Service
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.
United Parcel Service Profile
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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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