Metis Global Partners LLC Sells 3,391 Shares of United Parcel Service, Inc. (NYSE:UPS)

Metis Global Partners LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.4% in the 4th quarter, HoldingsChannel reports. The firm owned 26,426 shares of the transportation company’s stock after selling 3,391 shares during the period. Metis Global Partners LLC’s holdings in United Parcel Service were worth $4,155,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN grew its position in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the period. Gleason Group Inc. increased its stake in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares in the last quarter. Advisors Capital Management LLC raised its holdings in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 shares during the period. Finally, Dfpg Investments LLC lifted its stake 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 valued at $3,981,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UPS shares. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Morgan Stanley raised their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Finally, UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Up 0.2 %

Shares of UPS stock traded up $0.24 during trading hours on Monday, hitting $146.67. 2,071,803 shares of the company were exchanged, compared to its average volume of 4,192,909. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a market cap of $125.06 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a 50 day simple moving average of $149.39 and a two-hundred day simple moving average of $150.60. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating 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 company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.