United Parcel Service, Inc. (NYSE:UPS) Shares Sold by GenTrust LLC

GenTrust LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the transportation company’s stock after selling 204 shares during the quarter. GenTrust LLC’s holdings in United Parcel Service were worth $314,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of United Parcel Service by 1.3% in the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after acquiring an additional 357,974 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after acquiring an additional 628,944 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares during the last quarter. Northern Trust Corp boosted its holdings in United Parcel Service by 0.6% during the first quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after buying an additional 54,401 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in United Parcel Service by 33.7% during the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after buying an additional 1,949,775 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Susquehanna reissued a “neutral” rating and set a $150.00 price target on shares of United Parcel Service in a report on Wednesday. TD Cowen decreased their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Morgan Stanley lifted their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Trading Up 0.9 %

Shares of UPS stock opened at $148.64 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $126.74 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. The company has a 50 day moving average price of $150.64 and a 200 day moving average price of $152.25. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The firm had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.62 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 8.28 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 83.70%.

Insiders Place Their Bets

In other news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.