American International Group Inc. decreased its holdings in United Parcel Service (NYSE:UPS) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 301,952 shares of the transportation company’s stock after selling 5,428 shares during the quarter. American International Group Inc.’s holdings in United Parcel Service were worth $31,602,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Boston Partners acquired a new stake in United Parcel Service during the first quarter valued at approximately $75,929,000. American Century Companies Inc. raised its stake in United Parcel Service by 54.3% during the first quarter. American Century Companies Inc. now owns 1,962,565 shares of the transportation company’s stock valued at $205,402,000 after buying an additional 690,451 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in United Parcel Service by 18.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock valued at $438,331,000 after buying an additional 652,699 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $76,351,000. Finally, Bank of New York Mellon Corp raised its stake in United Parcel Service by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock valued at $725,311,000 after buying an additional 577,544 shares in the last quarter. Institutional investors and hedge funds own 54.27% of the company’s stock.
UPS has been the subject of several recent research reports. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Loop Capital upped their target price on United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Deutsche Bank lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price for the company. in a report on Thursday, February 22nd. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley upped their target price on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus price target of $124.26.
Shares of United Parcel Service opened at $116.59 on Friday, MarketBeat.com reports. United Parcel Service has a 12-month low of $115.53 and a 12-month high of $116.38. The company has a market capitalization of $99.62 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The business had revenue of $17.11 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same period in the prior year, the company posted $1.32 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. equities research analysts forecast that United Parcel Service will post 7.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Monday, May 21st will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
About United Parcel Service
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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