United Parcel Service, Inc. (NYSE:UPS) is Capital CS Group LLC’s Largest Position

Capital CS Group LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,875 shares of the transportation company’s stock after selling 7,586 shares during the period. United Parcel Service makes up 57.1% of Capital CS Group LLC’s portfolio, making the stock its biggest holding. Capital CS Group LLC’s holdings in United Parcel Service were worth $52,495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its position in shares of United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after purchasing an additional 357,974 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares in the last quarter. Geode Capital Management LLC grew its position in United Parcel Service by 2.9% in the second quarter. Geode Capital Management LLC now owns 13,590,985 shares of the transportation company’s stock worth $2,430,504,000 after acquiring an additional 388,258 shares in the last quarter. Wellington Management Group LLP grew its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Finally, Northern Trust Corp grew its position in United Parcel Service by 0.6% in the first quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after acquiring an additional 54,401 shares in the last quarter. 58.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

United Parcel Service Trading Down 0.3 %

UPS stock traded down $0.45 during trading on Friday, reaching $153.44. The company had a trading volume of 8,821,689 shares, compared to its average volume of 4,147,256. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company has a market cap of $130.83 billion, a P/E ratio of 19.70, a PEG ratio of 1.97 and a beta of 1.05. The business has a 50 day moving average of $151.60 and a 200 day moving average of $153.13. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.62 earnings per share. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 8.27 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is 83.70%.

Analysts Set New Price Targets

Several research analysts recently issued reports on UPS shares. BMO Capital Markets cut their target price on shares of United Parcel Service from $165.00 to $160.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Barclays cut their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on shares of United Parcel Service from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Daiwa Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a research report on Tuesday, December 26th. Finally, Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $176.95.

Check Out Our Latest Stock Report on United Parcel Service

United Parcel Service Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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