MassMutual Private Wealth & Trust FSB Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

MassMutual Private Wealth & Trust FSB lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,535 shares of the transportation company’s stock after selling 541 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in United Parcel Service were worth $3,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after buying an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC grew its stake in United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. grew its stake in 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 buying an additional 1,484,452 shares during the last quarter. Finally, FMR LLC grew its stake in United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after buying an additional 268,278 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. BMO Capital Markets dropped their price target on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James lowered their target price on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Up 1.4%

UPS opened at $98.06 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a 50 day simple moving average of $98.81 and a 200-day simple moving average of $115.46. The stock has a market capitalization of $83.03 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

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

United Parcel Service Announces Dividend

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 issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.69%. United Parcel Service’s dividend payout ratio is presently 95.63%.

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.