Primecap Management Co. CA Has $389.62 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Primecap Management Co. CA trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,857,715 shares of the transportation company's stock after selling 35,600 shares during the period. Primecap Management Co. CA owned approximately 0.33% of United Parcel Service worth $389,621,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp lifted 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 purchasing an additional 1,620,091 shares in the last quarter. Natixis acquired a new position in United Parcel Service in the first quarter valued at approximately $121,000. Cohen Investment Advisors LLC lifted its holdings in United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company's stock valued at $2,503,000 after buying an additional 3,835 shares during the period. Financial Partners Group LLC lifted its holdings in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company's stock valued at $3,602,000 after buying an additional 5,069 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. lifted its holdings in United Parcel Service by 71.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company's stock valued at $1,988,000 after buying an additional 6,073 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UPS shares. Barclays restated an "underweight" rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. BMO Capital Markets lowered their target price on shares of United Parcel Service from $169.00 to $155.00 and set a "market perform" rating for the company in a research note on Wednesday, July 24th. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Finally, Robert W. Baird lowered their target price on shares of United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.52.

United Parcel Service Price Performance

UPS stock opened at $132.07 on Thursday. 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, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The firm has a market cap of $112.70 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.19 and a beta of 0.99. The company's 50-day moving average price is $132.77 and its two-hundred day moving average price is $134.40.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

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.

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