United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 887,096 shares of the transportation company’s stock after selling 298,854 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.10% of United Parcel Service worth $120,947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Bank of New York Mellon Corp grew its stake in United Parcel Service by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the last quarter. American Century Companies Inc. grew its position in shares of United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after acquiring an additional 393,434 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after acquiring an additional 101,349 shares during the period. Finally, Marshall Wace LLP raised its position in United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Bank of America upped their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Trading Up 2.6 %

Shares of UPS opened at $134.82 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The stock has a market cap of $115.05 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The firm has a 50 day simple moving average of $132.98 and a 200-day simple moving average of $134.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.