United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,605,358 shares of the transportation company’s stock after selling 75,374 shares during the period. Dimensional Fund Advisors LP owned about 0.42% of United Parcel Service worth $493,373,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Norges Bank acquired a new stake in United Parcel Service during the fourth quarter worth about $1,128,322,000. First Trust Advisors LP lifted its holdings in shares of United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after purchasing an additional 1,160,005 shares during the last quarter. Spirepoint Private Client LLC bought a new position in shares of United Parcel Service during the first quarter worth about $160,787,000. Finally, Franklin Resources Inc. lifted its position in United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.9 %

Shares of NYSE UPS opened at $127.24 on Monday. The firm has a market capitalization of $108.99 billion, a PE ratio of 18.44, a PEG ratio of 1.89 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $130.88 and a two-hundred day moving average price of $139.88.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. As a group, analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.12%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analysts Set New Price Targets

Several equities research analysts have commented on UPS shares. BMO Capital Markets dropped their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird decreased their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Evercore ISI dropped their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Company Profile

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.