Wellington Management Group LLP Sells 1,314,579 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wellington Management Group LLP lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,937,261 shares of the transportation company's stock after selling 1,314,579 shares during the period. Wellington Management Group LLP owned 1.75% of United Parcel Service worth $1,883,589,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted 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 buying an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $461,000. Synovus Financial Corp increased its stake in United Parcel Service by 8.6% in the third 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. HF Advisory Group LLC bought a new stake in United Parcel Service in the fourth quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

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United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $8.22 on Thursday, hitting $101.98. The company had a trading volume of 4,633,035 shares, compared to its average volume of 4,670,099. The stock has a 50 day moving average price of $117.20 and a 200 day moving average price of $126.04. 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 stock has a market cap of $87.11 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $101.55 and a 1-year high of $154.29.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 in the previous year, the company posted $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.43%. United Parcel Service's payout ratio is 97.04%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UPS shares. Barclays reduced their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday. Citigroup decreased their price objective on United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Raymond James dropped their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $135.22.

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.