DAVENPORT & Co LLC Has $106.80 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

DAVENPORT & Co LLC decreased its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 679,204 shares of the transportation company’s stock after selling 6,497 shares during the period. DAVENPORT & Co LLC owned about 0.08% of United Parcel Service worth $106,801,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MWA Asset Management acquired a new position in United Parcel Service in the 3rd quarter valued at approximately $2,125,000. Chesapeake Wealth Management raised its holdings in United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares in the last quarter. Ergoteles LLC acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $8,571,000. Telos Capital Management Inc. raised its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after buying an additional 740 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of United Parcel Service by 1.3% in the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after buying an additional 357,974 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UPS shares. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $170.00 in a report on Friday, February 16th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Oppenheimer reissued an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. Susquehanna reissued a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, HSBC dropped their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $165.23.

Get Our Latest Stock Analysis on United Parcel Service

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 1.1 %

UPS traded up $1.60 during mid-day trading on Tuesday, reaching $149.22. The stock had a trading volume of 4,934,162 shares, compared to its average volume of 4,452,942. The stock has a market capitalization of $127.23 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day simple moving average is $150.10 and its two-hundred day simple moving average is $151.98. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same period last year, the company earned $3.62 EPS. The firm’s revenue was down 7.8% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 8.27 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

United Parcel Service Company Profile

(Free Report)

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.

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

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