UniSuper Management Pty Ltd Reduces Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

UniSuper Management Pty Ltd lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 71.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,299 shares of the transportation company’s stock after selling 122,800 shares during the quarter. UniSuper Management Pty Ltd’s holdings in United Parcel Service were worth $6,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacific Sage Partners LLC raised its holdings in shares of United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after acquiring an additional 77 shares during the last quarter. Quent Capital LLC raised its stake in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the last quarter. Gleason Group Inc. lifted its holdings in United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock valued at $840,000 after purchasing an additional 84 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of United Parcel Service by 4.9% during the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock worth $250,000 after purchasing an additional 86 shares during the last quarter. Finally, Weaver Consulting Group grew its holdings in shares of United Parcel Service by 3.0% during the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock worth $416,000 after buying an additional 89 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 0.0 %

UPS opened at $111.05 on Friday. The firm has a market capitalization of $94.85 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.55 and a beta of 0.94. The firm’s 50 day moving average is $118.92 and its 200-day moving average is $126.58. 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 $109.40 and a 52-week high of $154.29.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the company posted $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Susquehanna lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group reduced their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

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.