Mariner LLC Sells 95,242 Shares of United Parcel Service, Inc. $UPS

Mariner LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 757,929 shares of the transportation company’s stock after selling 95,242 shares during the period. Mariner LLC’s holdings in United Parcel Service were worth $75,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of United Parcel Service by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after acquiring an additional 1,218,432 shares in the last quarter. State Street Corp raised its position in shares of United Parcel Service by 3.3% in the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock worth $3,183,268,000 after acquiring an additional 1,029,377 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after acquiring an additional 856,125 shares in the last quarter. Geode Capital Management LLC raised its position in shares of United Parcel Service by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after acquiring an additional 240,253 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after acquiring an additional 5,826,824 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.7%

Shares of UPS stock opened at $108.87 on Tuesday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The stock’s fifty day moving average price is $103.44 and its 200 day moving average price is $104.23. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $92.54 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $1.49 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Susquehanna boosted their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. UBS Group reduced their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Citigroup boosted their price target on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Evercore reduced their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.