Shell Asset Management Co. Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Shell Asset Management Co. lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,379 shares of the transportation company’s stock after selling 14,862 shares during the quarter. Shell Asset Management Co.’s holdings in United Parcel Service were worth $7,696,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Nicholas Hoffman & Company LLC. lifted its stake in United Parcel Service by 11.3% in the first quarter. Nicholas Hoffman & Company LLC. now owns 26,922 shares of the transportation company’s stock worth $2,515,000 after acquiring an additional 2,732 shares during the period. National Asset Management Inc. lifted its stake in United Parcel Service by 66.8% in the first quarter. National Asset Management Inc. now owns 13,586 shares of the transportation company’s stock worth $1,271,000 after acquiring an additional 5,443 shares during the period. Toroso Investments LLC lifted its stake in United Parcel Service by 57.7% in the first quarter. Toroso Investments LLC now owns 3,379 shares of the transportation company’s stock worth $316,000 after acquiring an additional 1,237 shares during the period. Royal Fund Management LLC purchased a new stake in United Parcel Service in the first quarter worth $2,606,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in United Parcel Service by 11.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 57,662 shares of the transportation company’s stock worth $5,386,000 after acquiring an additional 5,950 shares during the period. 56.64% of the stock is owned by institutional investors.

A number of brokerages recently commented on UPS. Credit Suisse Group dropped their price target on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. ValuEngine raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays lowered United Parcel Service from an “equal weight” rating to an “underweight” rating and set a $90.00 price target for the company. in a research note on Friday, April 17th. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Monday, March 2nd. Finally, Cowen decreased their price objective on United Parcel Service from $119.00 to $101.00 and set a “market perform” rating for the company in a report on Thursday, April 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $110.32.

Shares of NYSE:UPS traded up $0.42 on Friday, hitting $96.72. 2,396,741 shares of the company traded hands, compared to its average volume of 4,781,095. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $125.31. The stock has a 50 day simple moving average of $96.01 and a 200-day simple moving average of $106.78. The company has a market cap of $83.90 billion, a PE ratio of 19.58, a PEG ratio of 2.37 and a beta of 0.82. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.08). United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.17 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. United Parcel Service’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 5.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $4.04 annualized dividend and a yield of 4.18%. United Parcel Service’s payout ratio is 53.65%.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.

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

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