United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,069,300 shares of the transportation company's stock after selling 95,700 shares during the period. Swiss National Bank owned 0.24% of United Parcel Service worth $260,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacific Sage Partners LLC raised its position in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after purchasing an additional 77 shares in the last quarter. Banco Santander S.A. grew its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock worth $1,717,000 after buying an additional 79 shares in the last quarter. Quent Capital LLC increased its stake in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after buying an additional 80 shares during the period. Tradewinds LLC. raised its holdings in shares of United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock valued at $612,000 after acquiring an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in shares of United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock valued at $979,000 after acquiring an additional 83 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

UPS has been the topic of several research reports. Morgan Stanley cut their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target on the stock. The Goldman Sachs Group decreased their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research note on Friday, January 31st. UBS Group cut their target price on 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, 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 report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.09.

United Parcel Service Trading Down 0.2 %

NYSE:UPS traded down $0.17 during trading hours on Thursday, hitting $115.09. The company had a trading volume of 4,628,398 shares, compared to its average volume of 4,453,200. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company has a market cap of $98.30 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a 50-day moving average of $121.05 and a 200 day moving average of $127.47. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company earned $2.47 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.70%. 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%.

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.