United Parcel Service, Inc. (NYSE:UPS) Position Trimmed by TCW Group Inc.

TCW Group Inc. lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,185 shares of the transportation company's stock after selling 31,846 shares during the quarter. TCW Group Inc.'s holdings in United Parcel Service were worth $18,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. ORG Partners LLC increased its holdings in United Parcel Service by 872.8% in the second quarter. ORG Partners LLC now owns 3,220 shares of the transportation company's stock valued at $438,000 after buying an additional 2,889 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of United Parcel Service by 1.8% during the second quarter. Cornerstone Wealth Management LLC now owns 8,690 shares of the transportation company's stock worth $1,189,000 after purchasing an additional 152 shares during the last quarter. Corundum Group Inc. grew its holdings in shares of United Parcel Service by 26.5% during the second quarter. Corundum Group Inc. now owns 9,249 shares of the transportation company's stock worth $1,266,000 after purchasing an additional 1,940 shares during the last quarter. Blackston Financial Advisory Group LLC grew its holdings in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company's stock worth $694,000 after purchasing an additional 69 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its holdings in shares of United Parcel Service by 1.7% during the second quarter. Archford Capital Strategies LLC now owns 6,102 shares of the transportation company's stock worth $835,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UPS. Barclays reaffirmed an "underweight" rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Wells Fargo & Company increased their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Evercore ISI increased their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. Bank of America increased their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Argus upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $151.29.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred 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 in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Down 0.8 %

Shares of NYSE:UPS traded down $1.10 during midday trading on Wednesday, hitting $129.12. 7,484,281 shares of the company's stock traded hands, compared to its average volume of 4,184,518. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $110.19 billion, a PE ratio of 19.62, a P/E/G ratio of 2.06 and a beta of 0.98. The firm's fifty day moving average price is $133.10 and its two-hundred day moving average price is $132.90.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. The company's revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is 98.49%.

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.