Mattern Capital Management LLC Sells 7,507 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mattern Capital Management LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the transportation company's stock after selling 7,507 shares during the period. Mattern Capital Management LLC's holdings in United Parcel Service were worth $2,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. International Assets Investment Management LLC increased its stake in United Parcel Service by 15,779.6% during the 3rd 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 purchasing an additional 14,539,321 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock worth $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp increased its position in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after acquiring an additional 1,620,091 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 6.4% during 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 acquiring an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company's stock worth $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on UPS shares. Morgan Stanley decreased their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Argus upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Loop Capital reduced their target price on shares of 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. Finally, Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.73.

United Parcel Service Stock Performance

UPS traded down $0.25 on Friday, hitting $116.35. The company's stock had a trading volume of 6,455,199 shares, compared to its average volume of 7,796,271. The company's 50 day simple moving average is $123.21 and its 200-day simple moving average is $128.33. The firm has a market cap of $99.38 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. 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 (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, topping analysts' consensus estimates 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 last year, the company earned $2.47 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business 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 $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.64%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Insider Activity

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company's stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

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.