Pittenger & Anderson Inc. Sells 4,045 Shares of United Parcel Service, Inc. (NYSE:UPS)

Pittenger & Anderson Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 54.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,317 shares of the transportation company's stock after selling 4,045 shares during the quarter. Pittenger & Anderson Inc.'s holdings in United Parcel Service were worth $418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. State Street Corp grew its holdings 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 buying an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 position in shares of United Parcel Service by 2.5% during 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 acquiring an additional 373,202 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of 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 acquiring an additional 14,539,321 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 0.2 %

Shares of UPS stock traded down $0.25 on Friday, hitting $116.35. The stock had a trading volume of 6,455,199 shares, compared to its average volume of 6,637,967. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The firm has a market cap of $99.29 billion, a P/E ratio of 17.21, a PEG ratio of 1.52 and a beta of 0.98. 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 has a fifty day moving average price of $123.21 and a two-hundred day moving average price of $128.33.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $2.47 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a $1.64 dividend. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.64%. The ex-dividend date is Tuesday, February 18th. United Parcel Service's payout ratio is currently 97.04%.

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 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 sale, the insider now directly owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UPS shares. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a research report on Wednesday, January 8th. Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Bank of America lowered their target price on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.73.

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.