United Parcel Service, Inc. (NYSE:UPS) Holdings Lowered by Fusion Capital LLC

Fusion Capital LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,184 shares of the transportation company’s stock after selling 5,392 shares during the period. United Parcel Service makes up approximately 1.8% of Fusion Capital LLC’s investment portfolio, making the stock its 22nd biggest position. Fusion Capital LLC’s holdings in United Parcel Service were worth $4,437,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after buying an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC grew its holdings in United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the period. FMR LLC raised its position in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in United Parcel Service by 6.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock valued at $632,518,000 after acquiring an additional 292,777 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.6 %

United Parcel Service stock opened at $117.61 on Friday. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $100.46 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.55 and a beta of 0.98. The company’s fifty day simple moving average is $122.54 and its 200-day simple moving average is $128.11.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company earned $2.47 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.58%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. StockNews.com lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday. Raymond James cut their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $140.73.

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.