United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 104,572 shares of the transportation company’s stock after selling 1,197 shares during the period. Fisher Asset Management LLC’s holdings in United Parcel Service were worth $16,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN lifted its holdings in shares of United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares during the period. Gleason Group Inc. lifted its holdings in shares of United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares during the period. Advisors Capital Management LLC raised its position in United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC raised its position in United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.2 %

United Parcel Service stock opened at $134.20 on Wednesday. The stock has a market cap of $114.82 billion, a PE ratio of 19.45, a P/E/G ratio of 1.72 and a beta of 1.01. The stock has a 50-day moving average price of $143.01 and a 200 day moving average price of $149.59. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UPS. Bank of America increased their price objective on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Oppenheimer increased their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Morgan Stanley increased their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $164.95.

United Parcel Service 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.