S&CO Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 20.9% in the third quarter, HoldingsChannel reports. The firm owned 4,530 shares of the transportation company’s stock after selling 1,200 shares during the period. S&CO Inc.’s holdings in United Parcel Service were worth $529,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC boosted its position in United Parcel Service by 1.2% during the 2nd quarter. Fisher Asset Management LLC now owns 43,033 shares of the transportation company’s stock valued at $4,571,000 after buying an additional 511 shares during the period. Xact Kapitalforvaltning AB boosted its position in United Parcel Service by 9.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 125,369 shares of the transportation company’s stock valued at $13,318,000 after buying an additional 11,082 shares during the period. Gofen & Glossberg LLC IL purchased a new stake in United Parcel Service during the 2nd quarter valued at $2,066,000. Daiwa SB Investments Ltd. purchased a new stake in United Parcel Service during the 2nd quarter valued at $807,000. Finally, Addenda Capital Inc. purchased a new stake in United Parcel Service during the 2nd quarter valued at $6,490,000. 53.65% of the stock is owned by institutional investors.
Shares of NYSE UPS opened at $109.51 on Friday. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53. The firm has a market capitalization of $95.61 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.66 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be issued a $0.91 dividend. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.32%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
UPS has been the subject of several analyst reports. Goldman Sachs Group set a $150.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a research report on Monday, September 10th. Citigroup cut shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Bank of America cut shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 price target for the company in a research report on Monday, October 1st. Finally, Morgan Stanley increased their price target on shares of United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $125.66.
In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.
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United Parcel Service Company 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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