Cresset Asset Management LLC Sells 1,679 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cresset Asset Management LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 10.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,918 shares of the transportation company’s stock after selling 1,679 shares during the period. Cresset Asset Management LLC’s holdings in United Parcel Service were worth $2,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Norges Bank bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $1,399,135,000. Capital International Investors grew its holdings in shares of United Parcel Service by 107.3% during the fourth quarter. Capital International Investors now owns 6,925,181 shares of the transportation company’s stock valued at $1,484,343,000 after buying an additional 3,584,871 shares during the last quarter. BlackRock Inc. grew its holdings in shares of United Parcel Service by 3.4% during the first quarter. BlackRock Inc. now owns 53,873,217 shares of the transportation company’s stock valued at $11,553,650,000 after buying an additional 1,781,756 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of United Parcel Service by 174.1% during the first quarter. Los Angeles Capital Management LLC now owns 1,765,075 shares of the transportation company’s stock valued at $378,538,000 after buying an additional 1,121,021 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of United Parcel Service by 10,671.5% during the first quarter. Merit Financial Group LLC now owns 753,898 shares of the transportation company’s stock valued at $161,681,000 after buying an additional 746,899 shares during the last quarter. Institutional investors own 59.60% of the company’s stock.

United Parcel Service Stock Up 1.3 %

Shares of UPS stock opened at $198.69 on Monday. The company has a market capitalization of $172.60 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.74 and a beta of 1.07. United Parcel Service, Inc. has a one year low of $165.34 and a one year high of $233.72. The company’s fifty day moving average price is $193.73 and its 200-day moving average price is $191.95. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.14 by $0.15. The firm had revenue of $24.80 billion for the quarter, compared to the consensus estimate of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $3.06 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 12.85 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a dividend of $1.52 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $6.08 annualized dividend and a dividend yield of 3.06%. United Parcel Service’s payout ratio is 48.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. Berenberg Bank set a $200.00 price target on shares of United Parcel Service in a report on Wednesday, July 27th. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, June 7th. JPMorgan Chase & Co. set a $199.00 price target on shares of United Parcel Service in a report on Wednesday, September 7th. Evercore ISI restated an “outperform” rating and issued a $227.00 target price (down previously from $255.00) on shares of United Parcel Service in a report on Tuesday, July 12th. Finally, Citigroup dropped their target price on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $215.82.

Insider Activity

In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares in the company, valued at approximately $20,980,885.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of United Parcel Service stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the completion of the sale, the insider now owns 102,591 shares in the company, valued at $20,980,885.41. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.