United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Summit X LLC

Summit X LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,168 shares of the transportation company’s stock after selling 1,428 shares during the period. Summit X LLC’s holdings in United Parcel Service were worth $1,283,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pacific Sage Partners LLC boosted its stake in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. raised its position in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the last quarter. Quent Capital LLC raised its position in United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares during the last quarter. Tradewinds LLC. raised its position in United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its position in United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on UPS. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Susquehanna cut their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group cut their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target for the company. Finally, Wells Fargo & Company cut their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Price Performance

United Parcel Service stock opened at $116.35 on Wednesday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The stock has a market capitalization of $99.38 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.55 and a beta of 0.94. The firm’s 50-day moving average is $121.45 and its two-hundred day moving average is $127.64. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the company posted $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

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.