MetLife Investment Management LLC Sells 4,135 Shares of United Parcel Service, Inc. (NYSE:UPS)

MetLife Investment Management LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,411 shares of the transportation company's stock after selling 4,135 shares during the period. MetLife Investment Management LLC's holdings in United Parcel Service were worth $25,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of UPS. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock worth $34,000 after acquiring an additional 155 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on UPS shares. Bank of America lifted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $151.52.

United Parcel Service Stock Up 0.5 %

Shares of NYSE UPS traded up $0.73 on Wednesday, reaching $135.69. 2,453,416 shares of the company's stock traded hands, compared to its average volume of 4,151,867. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The business's 50 day simple moving average is $133.34 and its two-hundred day simple moving average is $133.96. The company has a market cap of $115.79 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service's dividend payout ratio is currently 98.49%.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

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.