Greenwood Gearhart Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,762 shares of the transportation company’s stock after selling 93 shares during the quarter. Greenwood Gearhart Inc.’s holdings in United Parcel Service were worth $342,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 210.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,943,616 shares of the transportation company’s stock worth $2,878,723,000 after buying an additional 10,134,386 shares during the period. Geode Capital Management LLC lifted its holdings in United Parcel Service by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,787,793 shares of the transportation company’s stock valued at $2,220,088,000 after purchasing an additional 255,287 shares in the last quarter. Northern Trust Corp increased its stake in shares of United Parcel Service by 0.6% during the first quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after purchasing an additional 54,401 shares in the last quarter. Morgan Stanley lifted its stake in United Parcel Service by 33.7% in the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock valued at $1,343,799,000 after buying an additional 1,949,775 shares in the last quarter. Finally, Norges Bank purchased a new stake in United Parcel Service during the 4th quarter worth approximately $1,255,623,000. Hedge funds and other institutional investors own 58.45% of the company’s stock.
United Parcel Service Stock Down 3.1 %
Shares of NYSE UPS traded down $4.98 during midday trading on Tuesday, hitting $155.91. The company’s stock had a trading volume of 941,209 shares, compared to its average volume of 3,302,300. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $133.22 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The business’s fifty day simple moving average is $177.07 and its two-hundred day simple moving average is $178.92. United Parcel Service, Inc. has a 1 year low of $154.87 and a 1 year high of $197.80.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were paid a dividend of $1.62 per share. The ex-dividend date was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.16%. United Parcel Service’s payout ratio is 56.20%.
Insider Activity at United Parcel Service
In related news, insider Nando Cesarone sold 22,825 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the transaction, the insider now directly owns 1 shares of the company’s stock, valued at $171.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by corporate insiders.
Analyst Ratings Changes
UPS has been the subject of several research reports. Bank of America dropped their price target on United Parcel Service from $190.00 to $177.00 in a research report on Tuesday. StockNews.com initiated coverage on shares of United Parcel Service in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Credit Suisse Group lowered their price target on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Oppenheimer increased their price objective on shares of United Parcel Service from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, Barclays lifted their price objective on United Parcel Service from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $187.08.
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 letters, documents, small packages, and palletized freight through air and ground services in the United States.
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