Fisher Asset Management LLC Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Fisher Asset Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,634 shares of the transportation company’s stock after selling 1,135 shares during the quarter. Fisher Asset Management LLC’s holdings in United Parcel Service were worth $16,452,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of United Parcel Service by 6.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 223,259 shares of the transportation company’s stock worth $34,799,000 after buying an additional 14,387 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in United Parcel Service by 4.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the transportation company’s stock valued at $483,000 after purchasing an additional 128 shares during the last quarter. Brighton Jones LLC raised its position in United Parcel Service by 51.5% in the 3rd quarter. Brighton Jones LLC now owns 16,612 shares of the transportation company’s stock worth $2,589,000 after purchasing an additional 5,650 shares during the period. Oak Asset Management LLC raised its position in United Parcel Service by 7.8% in the 3rd quarter. Oak Asset Management LLC now owns 2,051 shares of the transportation company’s stock worth $320,000 after purchasing an additional 148 shares during the period. Finally, Calamos Wealth Management LLC purchased a new stake in shares of United Parcel Service in the third quarter worth approximately $274,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. Susquehanna boosted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays decreased their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $170.00 in a report on Friday, February 16th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Down 0.5 %

United Parcel Service stock opened at $146.43 on Monday. The business has a fifty day moving average price of $149.39 and a 200-day moving average price of $150.60. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98. The stock has a market capitalization of $124.85 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.