United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Allstate Corp

Allstate Corp trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,224 shares of the transportation company’s stock after selling 256 shares during the period. Allstate Corp’s holdings in United Parcel Service were worth $350,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN boosted its position in shares of United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares in the last quarter. Gleason Group Inc. boosted its position in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after acquiring an additional 66 shares in the last quarter. Advisors Capital Management LLC boosted its position in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC lifted its holdings in United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after purchasing an additional 69 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Bank of America lifted their price target 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. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $170.00 in a report on Thursday, April 25th. BMO Capital Markets lifted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Susquehanna boosted their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Performance

NYSE UPS traded down $0.73 on Friday, hitting $138.37. 835,433 shares of the stock were exchanged, compared to its average volume of 4,000,428. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The business’s fifty day moving average is $148.14 and its 200 day moving average is $150.81. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The company has a market capitalization of $118.38 billion, a PE ratio of 20.10, a P/E/G ratio of 1.82 and a beta of 1.05.

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. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, May 10th. United Parcel Service’s payout ratio is presently 94.49%.

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.