United Parcel Service, Inc. (UPS) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 37.9% in the fourth quarter, HoldingsChannel reports. The firm owned 10,909 shares of the transportation company’s stock after selling 6,668 shares during the period. Martingale Asset Management L P’s holdings in United Parcel Service were worth $1,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Tennessee Treasury Department grew its position in United Parcel Service by 16.4% in the fourth quarter. State of Tennessee Treasury Department now owns 180,160 shares of the transportation company’s stock valued at $17,571,000 after acquiring an additional 25,376 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in shares of United Parcel Service by 1.2% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 33,456 shares of the transportation company’s stock valued at $3,263,000 after buying an additional 386 shares during the last quarter. SVA Plumb Wealth Management LLC boosted its stake in shares of United Parcel Service by 2.6% during the 4th quarter. SVA Plumb Wealth Management LLC now owns 32,119 shares of the transportation company’s stock valued at $3,133,000 after buying an additional 822 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of United Parcel Service by 67.9% during the 4th quarter. Rafferty Asset Management LLC now owns 3,428 shares of the transportation company’s stock valued at $334,000 after buying an additional 1,386 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of United Parcel Service by 9.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 316,138 shares of the transportation company’s stock valued at $30,834,000 after buying an additional 26,109 shares during the last quarter. 55.02% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on UPS. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Berenberg Bank restated a “hold” rating and set a $125.00 price objective on shares of United Parcel Service in a research note on Friday. Credit Suisse Group restated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 6th. Standpoint Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Barclays reissued a “hold” rating and set a $112.00 price target on shares of United Parcel Service in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $123.41.



In related news, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard N. Peretz sold 9,112 shares of United Parcel Service stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

NYSE:UPS opened at $110.88 on Friday. The stock has a market cap of $93.77 billion, a P/E ratio of 15.31, a PEG ratio of 1.63 and a beta of 1.21. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 6.56.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.03. The firm had revenue of $19.85 billion for the quarter, compared to analyst estimates of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same period in the previous year, the company earned $1.67 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were issued a dividend of $0.96 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Monday, February 25th. United Parcel Service’s payout ratio is presently 53.04%.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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