LGT Group Foundation Sells 1,127 Shares of United Parcel Service, Inc. (NYSE:UPS)

LGT Group Foundation lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 49,930 shares of the transportation company’s stock after selling 1,127 shares during the period. LGT Group Foundation’s holdings in United Parcel Service were worth $7,854,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UPS. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 4.1% in the 3rd 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% in the 4th 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 lifted its stake in United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Northern Trust Corp lifted its stake in United Parcel Service by 0.4% in the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after purchasing an additional 31,533 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in United Parcel Service by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after purchasing an additional 532,934 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.1 %

UPS traded down $0.13 during midday trading on Friday, hitting $147.09. The company had a trading volume of 1,152,436 shares, compared to its average volume of 4,206,234. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $125.42 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.67 and a beta of 1.05. The stock’s 50 day moving average price is $149.44 and its 200 day moving average price is $150.74.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the firm posted $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.43%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. TD Cowen cut their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, Raymond James lowered their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $165.23.

About United Parcel Service

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.