Duality Advisers LP Sells 1,634 Shares of United Parcel Service, Inc. (NYSE:UPS)

Duality Advisers LP reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,172 shares of the transportation company’s stock after selling 1,634 shares during the period. Duality Advisers LP’s holdings in United Parcel Service were worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its stake in shares of United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN raised its position in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the period. Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after buying an additional 66 shares in the last quarter. Advisors Capital Management LLC raised its holdings in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares during the period. Finally, Dfpg Investments LLC lifted its position in shares of United Parcel Service by 0.3% during the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 0.8 %

Shares of NYSE:UPS traded up $1.13 during trading on Monday, reaching $143.90. 987,539 shares of the company traded hands, compared to its average volume of 4,275,674. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $197.31. The firm has a market capitalization of $122.70 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.66 and a beta of 1.05. The business’s fifty day moving average is $149.48 and its 200-day moving average is $151.16.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the prior year, the firm posted $3.62 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is presently 83.70%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. Barclays decreased their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $165.61.

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.