Tamar Securities LLC Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Tamar Securities LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,159 shares of the transportation company’s stock after selling 112 shares during the period. United Parcel Service comprises approximately 2.4% of Tamar Securities LLC’s holdings, making the stock its 18th biggest position. Tamar Securities LLC’s holdings in United Parcel Service were worth $7,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Northern Trust Corp lifted its position in United Parcel Service by 0.6% in the second quarter. Northern Trust Corp now owns 9,330,255 shares of the transportation company’s stock worth $1,703,145,000 after purchasing an additional 56,838 shares during the period. Franklin Resources Inc. boosted its stake in United Parcel Service by 27.0% in the 2nd quarter. Franklin Resources Inc. now owns 6,412,452 shares of the transportation company’s stock worth $1,170,529,000 after purchasing an additional 1,362,612 shares during the period. Legal & General Group Plc boosted its position in United Parcel Service by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 4,900,322 shares of the transportation company’s stock worth $894,509,000 after acquiring an additional 157,479 shares during the period. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,163,287 shares of the transportation company’s stock valued at $892,858,000 after buying an additional 93,463 shares during the period. Finally, Swiss National Bank raised its holdings in shares of United Parcel Service by 0.6% during the second quarter. Swiss National Bank now owns 3,177,718 shares of the transportation company’s stock worth $580,061,000 after acquiring an additional 19,500 shares in the last quarter. 58.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Daiwa Capital Markets decreased their price target on United Parcel Service to $187.00 in a research note on Thursday, October 27th. JPMorgan Chase & Co. set a $180.00 price target on United Parcel Service in a research note on Tuesday, October 25th. BNP Paribas cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 30th. Morgan Stanley lowered their target price on United Parcel Service from $148.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $197.00 to $220.00 in a research report on Monday, November 28th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $200.41.

United Parcel Service Trading Down 2.4 %

NYSE:UPS traded down $4.34 on Wednesday, reaching $175.65. 309,974 shares of the stock traded hands, compared to its average volume of 2,376,711. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.05. United Parcel Service, Inc. has a 1-year low of $154.87 and a 1-year high of $233.72. The company’s 50 day moving average is $179.48 and its 200-day moving average is $180.93. The firm has a market capitalization of $151.92 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.12.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The transportation company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. United Parcel Service had a net margin of 11.07% and a return on equity of 71.90%. The company had revenue of $24.16 billion during the quarter, compared to analysts’ expectations of $24.34 billion. During the same period in the prior year, the company posted $2.71 earnings per share. United Parcel Service’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 12.91 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Monday, November 14th were paid a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, November 10th. United Parcel Service’s dividend payout ratio is 47.65%.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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