United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,864 shares of the transportation company’s stock after selling 4,427 shares during the period. Mutual of America Capital Management LLC’s holdings in United Parcel Service were worth $15,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares during the last quarter. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares during the period. Northern Trust Corp raised its holdings 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 valued at $1,988,777,000 after acquiring an additional 54,401 shares during the period. Finally, Morgan Stanley raised its holdings in shares of United Parcel Service by 33.7% during the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock valued at $1,343,799,000 after acquiring an additional 1,949,775 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UPS shares. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. TD Cowen cut their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Oppenheimer reiterated an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Raymond James dropped their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Susquehanna reiterated a “neutral” rating and issued a $150.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $165.61.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $149.01 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $149.64 and a 200 day simple moving average of $151.64. The company has a market cap of $127.05 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.71 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. During the same period in the prior year, the firm earned $3.62 EPS. United Parcel Service’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.38%. United Parcel Service’s dividend payout ratio is 83.70%.

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.