United Parcel Service (UPS) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in shares of United Parcel Service (NYSE:UPS) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,280 shares of the transportation company’s stock after selling 855 shares during the period. King Luther Capital Management Corp’s holdings in United Parcel Service were worth $5,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of United Parcel Service by 0.7% during the fourth quarter. BlackRock Inc. now owns 44,182,201 shares of the transportation company’s stock valued at $5,264,310,000 after purchasing an additional 317,636 shares in the last quarter. Clearbridge Investments LLC grew its position in United Parcel Service by 2.9% in the fourth quarter. Clearbridge Investments LLC now owns 7,762,342 shares of the transportation company’s stock worth $924,883,000 after acquiring an additional 218,976 shares in the last quarter. Geode Capital Management LLC grew its position in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,712,902 shares of the transportation company’s stock worth $798,019,000 after acquiring an additional 178,202 shares in the last quarter. Bank of New York Mellon Corp grew its position in United Parcel Service by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock worth $725,311,000 after acquiring an additional 577,544 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in United Parcel Service by 18.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock worth $438,331,000 after acquiring an additional 652,699 shares in the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Shares of United Parcel Service opened at $117.08 on Tuesday, according to MarketBeat. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 14.84. The stock has a market capitalization of $99.42 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.73 and a beta of 1.02. United Parcel Service has a 1 year low of $101.45 and a 1 year high of $135.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion during the quarter, compared to the consensus estimate of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. sell-side analysts predict that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, May 18th. United Parcel Service’s payout ratio is currently 60.57%.

In other news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Several research firms recently commented on UPS. BMO Capital Markets lifted their price target on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target for the company in a research report on Thursday, February 1st. Morgan Stanley lifted their price target on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday, May 14th. Finally, Loop Capital lifted their price target on United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $124.26.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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