United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Greenline Partners LLC

Greenline Partners LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,265 shares of the transportation company’s stock after selling 5,915 shares during the quarter. Greenline Partners LLC’s holdings in United Parcel Service were worth $1,294,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in UPS. Norges Bank purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. purchased a new stake in United Parcel Service during the 4th quarter worth about $393,680,000. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $95.92 on Friday. The company has a market cap of $81.93 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42. The business has a fifty day moving average of $104.28 and a two-hundred day moving average of $118.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.84%. The ex-dividend date is Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of analysts have weighed in on UPS shares. Hsbc Global Res cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. HSBC lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. BMO Capital Markets decreased their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Oppenheimer decreased their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $120.87.

United Parcel Service Profile

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.