Nuveen Asset Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 56.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,376 shares of the transportation company’s stock after selling 9,456 shares during the period. Nuveen Asset Management LLC’s holdings in United Parcel Service were worth $772,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its stake in United Parcel Service by 0.7% in the 4th quarter. BlackRock Inc. now owns 44,182,201 shares of the transportation company’s stock worth $5,264,310,000 after purchasing an additional 317,636 shares in the last quarter. Clearbridge Investments LLC boosted its stake in United Parcel Service by 2.9% in the 4th quarter. Clearbridge Investments LLC now owns 7,762,342 shares of the transportation company’s stock worth $924,883,000 after purchasing an additional 218,976 shares in the last quarter. Franklin Resources Inc. boosted its stake in United Parcel Service by 26.2% in the 1st quarter. Franklin Resources Inc. now owns 7,464,644 shares of the transportation company’s stock worth $781,240,000 after purchasing an additional 1,547,617 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,712,902 shares of the transportation company’s stock worth $798,019,000 after purchasing an additional 178,202 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in United Parcel Service by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock worth $725,311,000 after purchasing an additional 577,544 shares in the last quarter. Hedge funds and other institutional investors own 53.43% of the company’s stock.
A number of brokerages recently issued reports on UPS. BMO Capital Markets dropped their price target on shares of United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Loop Capital boosted their target price 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. Robert W. Baird reissued a “hold” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Tuesday, April 10th. Finally, Knight Equity lowered United Parcel Service from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $115.00 in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $124.47.
United Parcel Service opened at $113.65 on Thursday, according to MarketBeat.com. United Parcel Service, Inc. has a 52 week low of $101.45 and a 52 week high of $135.53. The stock has a market cap of $98.94 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 14.84.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The firm had revenue of $17.11 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. sell-side analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Monday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date was Friday, May 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.20%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.
United Parcel Service 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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