United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Numerai GP LLC

Numerai GP LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 81.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,833 shares of the transportation company’s stock after selling 34,038 shares during the quarter. Numerai GP LLC’s holdings in United Parcel Service were worth $988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UPS. Norges Bank purchased a new stake in United Parcel Service in the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth $393,680,000. Franklin Resources Inc. grew its holdings 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 purchasing an additional 1,484,452 shares during the period. Van ECK Associates Corp grew its holdings in shares of United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 1,337,058 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Oppenheimer lowered their price target on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Citigroup lowered their price target on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. StockNews.com cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $120.87.

United Parcel Service Trading Down 0.3%

NYSE:UPS opened at $99.54 on Thursday. The stock’s 50 day moving average price is $103.07 and its 200 day moving average price is $118.19. The company has a market capitalization of $85.02 billion, a PE ratio of 14.72, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $150.03.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.59%. United Parcel Service’s dividend payout ratio is presently 95.63%.

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.