Allianz SE cut its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,087 shares of the transportation company’s stock after selling 1,241 shares during the period. Allianz SE’s holdings in United Parcel Service were worth $6,873,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Andra AP fonden lifted its holdings in United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after buying an additional 163,000 shares during the period. Equity Investment Corp raised its position in shares of United Parcel Service by 16.8% in the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after acquiring an additional 162,364 shares in the last quarter. Founders Capital Management LLC lifted its stake in shares of United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after purchasing an additional 8,579 shares during the period. AE Wealth Management LLC boosted its position in shares of United Parcel Service by 10.9% during the 2nd quarter. AE Wealth Management LLC now owns 49,712 shares of the transportation company’s stock valued at $5,018,000 after purchasing an additional 4,885 shares in the last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in United Parcel Service during the first quarter worth approximately $620,000. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Performance
Shares of United Parcel Service stock opened at $96.12 on Thursday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average price of $87.46 and a 200-day moving average price of $92.90. The company has a market cap of $81.47 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be issued a $1.64 dividend. The ex-dividend date is Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.8%. United Parcel Service’s dividend payout ratio is currently 101.39%.
Analysts Set New Price Targets
Several equities analysts have issued reports on UPS shares. Oppenheimer dropped their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Evercore ISI lowered their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Morgan Stanley cut their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $110.00.
Insider Buying and Selling at United Parcel Service
In other news, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.
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.
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