Rise Advisors LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Rise Advisors LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 22.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,102 shares of the transportation company’s stock after selling 317 shares during the quarter. Rise Advisors LLC’s holdings in United Parcel Service were worth $139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its holdings in shares of United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after acquiring an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Geode Capital Management LLC increased its position in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. International Assets Investment Management LLC raised its holdings in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the period. Finally, FMR LLC boosted its stake in United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after buying an additional 380,229 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.5 %

Shares of NYSE UPS traded up $0.59 during trading hours on Tuesday, hitting $124.80. 1,900,196 shares of the stock were exchanged, compared to its average volume of 3,358,140. United Parcel Service, Inc. has a 12 month low of $122.01 and a 12 month high of $161.48. The firm has a fifty day moving average price of $130.23 and a 200-day moving average price of $131.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $106.50 billion, a PE ratio of 18.85, a PEG ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.22%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UPS. Bank of America raised their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. UBS Group raised their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.50.

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.