Sentinus LLC Has $503,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sentinus LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 59.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,992 shares of the transportation company’s stock after selling 5,751 shares during the period. Sentinus LLC’s holdings in United Parcel Service were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Norges Bank acquired a new stake in United Parcel Service during the 4th quarter worth about $1,075,393,000. Raymond James Financial Inc. acquired a new stake in United Parcel Service during the 4th quarter worth about $393,680,000. Franklin Resources Inc. raised its holdings in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the period. Van ECK Associates Corp grew its stake in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Barclays lowered their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Galvan Research lowered their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Finally, Evercore ISI lifted their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Up 0.8%

Shares of United Parcel Service stock opened at $101.20 on Friday. The stock has a market capitalization of $86.44 billion, a P/E ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $102.36 and a two-hundred day moving average price of $117.72. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $149.71.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service’s payout ratio is currently 95.63%.

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.