United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,185,950 shares of the transportation company’s stock after selling 225,267 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.14% of United Parcel Service worth $162,297,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Cullen Investment Group LTD. raised its holdings in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC raised its stake in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc lifted its position in United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the last quarter. Moody National Bank Trust Division boosted its stake in United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $130.70 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The firm’s fifty day simple moving average is $130.68 and its 200-day simple moving average is $139.62. The stock has a market cap of $111.82 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the firm earned $2.54 EPS. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. Analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.99%. United Parcel Service’s payout ratio is 94.49%.

Analysts Set New Price Targets

UPS has been the subject of several research reports. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Stephens decreased their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, UBS Group lowered their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.68.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.