Prudential PLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 27.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,928 shares of the transportation company’s stock after selling 5,213 shares during the quarter. Prudential PLC’s holdings in United Parcel Service were worth $1,382,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Brighton Jones LLC boosted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $277,000. SVB Wealth LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $848,000. Treasurer of the State of North Carolina lifted its holdings in United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after acquiring an additional 9,124 shares during the period. Finally, Ieq Capital LLC lifted its holdings in United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after acquiring an additional 63,629 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Performance
NYSE UPS opened at $108.65 on Monday. The stock has a market cap of $92.35 billion, a PE ratio of 17.58, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The stock has a fifty day simple moving average of $102.18 and a 200-day simple moving average of $103.63.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on UPS. Susquehanna boosted their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a 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 for the company in a research report on Wednesday, April 29th. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Evercore dropped their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Finally, Citigroup upped their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $111.50.
Check Out 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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