Mutual of America Capital Management LLC Sells 415 Shares of United Parcel Service, Inc. (UPS)

Mutual of America Capital Management LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 83,994 shares of the transportation company’s stock after selling 415 shares during the period. Mutual of America Capital Management LLC’s holdings in United Parcel Service were worth $9,289,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after acquiring an additional 4,340,971 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after acquiring an additional 1,446,749 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after acquiring an additional 1,246,981 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after acquiring an additional 1,117,802 shares in the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.

In related news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.59% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, October 6th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. BidaskClub downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co lifted their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $120.74.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $114.81 on Tuesday. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $97,573.69, a price-to-earnings ratio of 18.93, a PEG ratio of 2.04 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

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United Parcel Service Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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