Logan Capital Management Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,455 shares of the transportation company’s stock after selling 16,402 shares during the period. Logan Capital Management Inc.’s holdings in United Parcel Service were worth $6,790,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in United Parcel Service during the 4th quarter valued at $902,446,000. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 507.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after buying an additional 2,710,470 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $181,951,000. Vanguard Group Inc. boosted its stake in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after buying an additional 1,218,432 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in United Parcel Service by 94.8% during the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after acquiring an additional 1,119,372 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Trading Up 5.2%
United Parcel Service stock opened at $108.65 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $92.35 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a 50 day moving average price of $103.03 and a 200 day moving average price of $104.03.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Susquehanna boosted their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore cut their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Citigroup lifted their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group dropped their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $111.50.
View Our Latest Stock Analysis on UPS
United Parcel Service Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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