Deprince Race & Zollo Inc. Lowers Position in United Parcel Service, Inc. $UPS

Deprince Race & Zollo Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,191 shares of the transportation company’s stock after selling 27,297 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in United Parcel Service were worth $22,068,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in United Parcel Service in the 1st quarter worth about $590,000. Ieq Capital LLC increased its stake in United Parcel Service by 824.4% in the 1st quarter. Ieq Capital LLC now owns 41,190 shares of the transportation company’s stock valued at $4,530,000 after buying an additional 36,734 shares during the last quarter. State of Wyoming lifted its position in shares of United Parcel Service by 4,192.3% during the 1st quarter. State of Wyoming now owns 558 shares of the transportation company’s stock worth $61,000 after buying an additional 545 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $38,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.1%

UPS stock opened at $100.54 on Friday. The stock has a fifty day moving average of $95.55 and a 200-day moving average of $92.85. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The company has a market capitalization of $85.29 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The business had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Stifel Nicolaus upped their price objective on United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Citigroup raised their target price on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, Bank of America reduced their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.09.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.