United Parcel Service, Inc. (NYSE:UPS) Shares Sold by M&R Capital Management Inc.

M&R Capital Management Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 21.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 267 shares of the transportation company’s stock after selling 75 shares during the quarter. M&R Capital Management Inc.’s holdings in United Parcel Service were worth $45,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UPS. Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth $1,094,024,000. FMR LLC increased its stake in shares of United Parcel Service by 12.9% in the fourth quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock worth $3,323,935,000 after acquiring an additional 2,260,739 shares during the period. Korea Investment CORP increased its stake in shares of United Parcel Service by 264.5% in the fourth quarter. Korea Investment CORP now owns 1,573,997 shares of the transportation company’s stock worth $265,061,000 after acquiring an additional 1,142,197 shares during the period. Janus Henderson Group PLC grew its position in United Parcel Service by 15.7% during the fourth quarter. Janus Henderson Group PLC now owns 5,568,083 shares of the transportation company’s stock valued at $937,646,000 after buying an additional 755,716 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,005,094 shares of the transportation company’s stock valued at $1,179,659,000 after buying an additional 733,987 shares during the period. Hedge funds and other institutional investors own 55.68% of the company’s stock.

In other United Parcel Service news, insider Laura J. Lane sold 2,375 shares of United Parcel Service stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $157.93, for a total transaction of $375,083.75. Also, Director Wayne M. Hewett bought 625 shares of United Parcel Service stock in a transaction on Wednesday, February 24th. The shares were purchased at an average cost of $159.82 per share, for a total transaction of $99,887.50. Following the completion of the purchase, the director now directly owns 868 shares of the company’s stock, valued at $138,723.76. The disclosure for this purchase can be found here. 0.57% of the stock is owned by insiders.

Several research firms recently commented on UPS. Sanford C. Bernstein set a $200.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a research report on Wednesday, February 24th. Credit Suisse Group raised their price target on shares of United Parcel Service from $202.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Barclays raised their price target on shares of United Parcel Service from $145.00 to $155.00 and gave the company an “underweight” rating in a research report on Monday, January 11th. Vertical Research began coverage on shares of United Parcel Service in a research report on Thursday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, February 4th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $160.13.

NYSE:UPS opened at $171.95 on Thursday. The company’s 50-day moving average price is $163.69 and its 200-day moving average price is $165.48. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 4.16. The company has a market cap of $149.09 billion, a P/E ratio of 32.69, a P/E/G ratio of 2.47 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $88.85 and a twelve month high of $178.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.52. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $22.85 billion. During the same period last year, the firm posted $2.11 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post 7.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were paid a dividend of $1.02 per share. The ex-dividend date was Friday, February 19th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a yield of 2.37%. United Parcel Service’s payout ratio is 54.18%.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, 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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