Charles Schwab Investment Management Inc. Sells 60,266 Shares of United Parcel Service, Inc. (NYSE:UPS)

Charles Schwab Investment Management Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 4th quarter, Holdings Channel reports. The fund owned 15,829,304 shares of the transportation company’s stock after selling 60,266 shares during the period. Charles Schwab Investment Management Inc.’s holdings in United Parcel Service were worth $2,473,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UPS. Harbor Capital Advisors Inc. raised its position in United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN raised its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. raised its position in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the period. Advisors Capital Management LLC raised its position in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after buying an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC raised its position in shares of United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after buying an additional 69 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $0.69 during mid-day trading on Wednesday, hitting $146.40. 992,085 shares of the company were exchanged, compared to its average volume of 4,147,550. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm has a market cap of $124.83 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The stock has a 50 day simple moving average of $149.35 and a 200-day simple moving average of $150.53. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the prior year, the company posted $2.20 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Barclays dropped their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Bank of America upped their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $165.23.

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.