United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,572 shares of the transportation company’s stock after selling 1,197 shares during the period. Fisher Asset Management LLC’s holdings in United Parcel Service were worth $16,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Harbor Capital Advisors Inc. increased its holdings in shares of United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN increased its holdings in shares of United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares in the last quarter. Advisors Capital Management LLC increased its holdings in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC increased its holdings in shares of United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after purchasing an additional 69 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.2 %

Shares of UPS stock opened at $134.20 on Wednesday. The company’s 50-day moving average price is $143.01 and its 200-day moving average price is $149.59. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market cap of $114.82 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.72 and a beta of 1.01. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPS. Bank of America lifted their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI reissued an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Susquehanna boosted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Morgan Stanley boosted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Finally, BMO Capital Markets boosted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $164.95.

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.