Amica Retiree Medical Trust Sells 246 Shares of United Parcel Service, Inc. (NYSE:UPS)

Amica Retiree Medical Trust trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,837 shares of the transportation company’s stock after selling 246 shares during the period. Amica Retiree Medical Trust’s holdings in United Parcel Service were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. Fisher Asset Management LLC boosted its position in United Parcel Service by 5.0% during the 3rd quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock worth $16,916,000 after buying an additional 5,956 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of United Parcel Service by 58.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock worth $13,322,000 after buying an additional 36,091 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in United Parcel Service by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock valued at $79,995,000 after buying an additional 17,378 shares during the period. FMR LLC increased its position in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after buying an additional 380,229 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at approximately $336,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on UPS. Raymond James reduced their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Bank of America cut their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus price target of $137.91.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $110.94 on Thursday. The business’s 50 day simple moving average is $119.30 and its 200-day simple moving average is $126.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $94.76 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $154.29.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $2.47 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s payout ratio is 97.04%.

United Parcel Service 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.