Primecap Management Co. CA Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Primecap Management Co. CA decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,897,291 shares of the transportation company’s stock after selling 17,100 shares during the quarter. Primecap Management Co. CA’s holdings in United Parcel Service were worth $455,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Norges Bank acquired a new position in United Parcel Service in the 4th quarter valued at about $1,128,322,000. Wellington Management Group LLP grew its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares during the period. Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after buying an additional 628,944 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.3 %

UPS traded down $0.42 on Friday, reaching $138.68. The company’s stock had a trading volume of 2,993,766 shares, compared to its average volume of 4,022,974. The company has a market capitalization of $118.65 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.82 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The stock has a 50 day moving average of $147.85 and a two-hundred day moving average of $150.79.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the business earned $2.20 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.70%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Stifel Nicolaus decreased their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Barclays dropped their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Finally, Bank of America upped their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $165.23.

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.