United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,974 shares of the transportation company’s stock after selling 11,157 shares during the quarter. Westpac Banking Corp’s holdings in United Parcel Service were worth $21,214,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of UPS. EP Wealth Advisors LLC increased its stake in United Parcel Service by 10,746.8% during the third quarter. EP Wealth Advisors LLC now owns 1,257,466 shares of the transportation company’s stock worth $1,908,000 after acquiring an additional 1,245,873 shares during the last quarter. Marathon Asset Mgmt Ltd acquired a new stake in United Parcel Service during the third quarter worth $89,663,000. Eagle Asset Management Inc. increased its stake in United Parcel Service by 1,277.6% during the third quarter. Eagle Asset Management Inc. now owns 502,465 shares of the transportation company’s stock worth $91,498,000 after acquiring an additional 465,992 shares during the last quarter. Vontobel Asset Management Inc. acquired a new stake in United Parcel Service during the third quarter worth $77,340,000. Finally, Manning & Napier Group LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $75,385,000. 56.81% of the stock is owned by institutional investors.

UPS opened at $179.98 on Friday. The business’s 50-day simple moving average is $203.21 and its 200-day simple moving average is $206.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.42 and a current ratio of 1.52. United Parcel Service, Inc. has a one year low of $177.13 and a one year high of $233.72. The stock has a market capitalization of $156.65 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11.

United Parcel Service (NYSE:UPSGet Rating) last posted its earnings results on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.17. The business had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.80 billion. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 12.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Tuesday, February 22nd were given a $1.52 dividend. This represents a $6.08 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.02. United Parcel Service’s payout ratio is 49.63%.

In other United Parcel Service news, insider Juan R. Perez sold 12,996 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $223.54, for a total transaction of $2,905,125.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Norman M. Brothers, Jr. sold 5,677 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $227.52, for a total value of $1,291,631.04. The disclosure for this sale can be found here. Insiders sold a total of 29,558 shares of company stock worth $6,491,514 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Several research analysts have recently commented on UPS shares. Citigroup raised their price target on United Parcel Service from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Berenberg Bank set a $200.00 price target on United Parcel Service in a research report on Tuesday. Credit Suisse Group lowered their price target on United Parcel Service from $263.00 to $226.00 and set an “outperform” rating for the company in a research report on Wednesday. Cowen raised their price target on United Parcel Service from $203.00 to $232.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 2nd. Finally, BNP Paribas upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $191.00 price target for the company in a research report on Thursday, January 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $226.00.

United Parcel Service Profile (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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.

Further Reading

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

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