Fox Run Management L.L.C. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 22.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,154 shares of the transportation company’s stock after selling 1,506 shares during the quarter. Fox Run Management L.L.C.’s holdings in United Parcel Service were worth $520,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after buying an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after acquiring an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after acquiring an additional 4,988,044 shares during the period. Northern Trust Corp lifted its holdings in shares of United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after acquiring an additional 23,918 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of United Parcel Service by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after purchasing an additional 171,303 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Price Performance
United Parcel Service stock opened at $95.01 on Wednesday. The business has a 50 day simple moving average of $87.24 and a 200-day simple moving average of $92.87. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $138.67. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The stock has a market capitalization of $80.53 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11.
United Parcel Service Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on UPS shares. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Barclays lowered their target price on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. Finally, Evercore ISI reduced their price objective on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $110.00.
View Our Latest Analysis on UPS
Insiders Place Their Bets
In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.
About United Parcel Service
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.
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