IFM Investors Pty Ltd Sells 295 Shares of United Parcel Service, Inc. (NYSE:UPS)

IFM Investors Pty Ltd decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,789 shares of the transportation company’s stock after selling 295 shares during the period. IFM Investors Pty Ltd’s holdings in United Parcel Service were worth $20,013,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of UPS. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after buying an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in United Parcel Service in the 1st quarter valued at $160,787,000. Interval Partners LP bought a new stake in United Parcel Service in the first quarter valued at $90,099,000. Finally, Maj Invest Holding A S bought a new position in shares of United Parcel Service during the second quarter valued at $63,604,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UPS shares. Robert W. Baird cut their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets decreased their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer lowered their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Citigroup initiated coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.05.

United Parcel Service Stock Performance

United Parcel Service stock traded up $6.44 during mid-day trading on Thursday, reaching $137.85. The company’s stock had a trading volume of 8,185,567 shares, compared to its average volume of 4,199,549. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm’s fifty day moving average price is $130.54 and its two-hundred day moving average price is $136.15. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $118.08 billion, a P/E ratio of 22.53, a PEG ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.73%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.36%.

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.