Wedge Capital Management L L P NC Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Wedge Capital Management L L P NC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,255 shares of the transportation company's stock after selling 3,890 shares during the quarter. Wedge Capital Management L L P NC's holdings in United Parcel Service were worth $11,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Synovus Financial Corp boosted its position in shares of United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock valued at $11,934,000 after purchasing an additional 6,941 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of United Parcel Service by 1,061.1% in the 3rd 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 during the last quarter. Cohen Investment Advisors LLC raised its holdings in shares of United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company's stock worth $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Rovin Capital UT ADV raised its holdings in United Parcel Service by 85.7% during the 4th quarter. Rovin Capital UT ADV now owns 4,757 shares of the transportation company's stock worth $600,000 after buying an additional 2,195 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

NYSE:UPS traded down $0.17 on Friday, reaching $129.77. 4,260,034 shares of the company's stock traded hands, compared to its average volume of 3,680,905. The firm has a market cap of $110.74 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The stock has a 50-day simple moving average of $128.95 and a 200-day simple moving average of $130.90. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. 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 issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (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 during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service's dividend payout ratio (DPR) is 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm'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 in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

UPS has been the topic of several research analyst reports. BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on United Parcel Service from $134.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Citigroup lowered their target price on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their price target on United Parcel Service from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus target price of $151.10.

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.