Shell Asset Management Co. Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Shell Asset Management Co. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.3% in the first quarter, HoldingsChannel reports. The firm owned 82,379 shares of the transportation company’s stock after selling 14,862 shares during the period. Shell Asset Management Co.’s holdings in United Parcel Service were worth $7,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UPS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of United Parcel Service by 8.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,350 shares of the transportation company’s stock worth $392,000 after purchasing an additional 274 shares during the last quarter. Savior LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth $25,000. FinTrust Capital Advisors LLC lifted its stake in shares of United Parcel Service by 20.1% during the 4th quarter. FinTrust Capital Advisors LLC now owns 2,000 shares of the transportation company’s stock worth $234,000 after purchasing an additional 335 shares during the last quarter. Davis R M Inc. lifted its stake in shares of United Parcel Service by 13.6% during the 4th quarter. Davis R M Inc. now owns 2,001 shares of the transportation company’s stock worth $234,000 after purchasing an additional 240 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of United Parcel Service by 105.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,176 shares of the transportation company’s stock worth $1,074,000 after purchasing an additional 4,719 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Several research analysts recently issued reports on the company. Credit Suisse Group reduced their target price on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $144.00 target price on shares of United Parcel Service in a research report on Friday, January 31st. Cowen reduced their target price on United Parcel Service from $119.00 to $101.00 and set a “market perform” rating on the stock in a research report on Thursday, April 2nd. Oppenheimer reduced their target price on United Parcel Service from $124.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Berenberg Bank reaffirmed a “neutral” rating and set a $105.00 target price on shares of United Parcel Service in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $110.32.

UPS stock traded up $0.42 during mid-day trading on Friday, reaching $96.72. 2,396,741 shares of the company’s stock were exchanged, compared to its average volume of 4,781,095. The company has a market cap of $83.90 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82. The stock’s 50 day moving average is $96.01 and its 200 day moving average is $106.78. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $125.31.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.08). The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 5.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $4.04 dividend on an annualized basis and a yield of 4.18%. United Parcel Service’s dividend payout ratio is currently 53.65%.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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