Arrowstreet Capital Limited Partnership Sells 554,843 Shares of United Parcel Service, Inc. $UPS

Arrowstreet Capital Limited Partnership lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.0% during the 1st quarter, HoldingsChannel reports. The firm owned 3,397,979 shares of the transportation company’s stock after selling 554,843 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in United Parcel Service were worth $334,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of UPS. Vanguard Group Inc. grew its stake in United Parcel Service by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after buying an additional 1,218,432 shares during the last quarter. State Street Corp lifted its position in United Parcel Service by 3.3% during the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock worth $3,183,268,000 after acquiring an additional 1,029,377 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after acquiring an additional 856,125 shares during the last quarter. Geode Capital Management LLC boosted its holdings in United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after acquiring an additional 240,253 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in United Parcel Service by 72.9% during the fourth quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after acquiring an additional 5,826,824 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $114.06 on Friday. The firm has a market capitalization of $96.95 billion, a PE ratio of 18.46, a PEG ratio of 1.84 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The business’s 50 day moving average is $107.96 and its 200-day moving average is $106.57.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.8%. United Parcel Service’s dividend payout ratio is currently 106.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Citigroup increased their target price on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Sanford C. Bernstein raised their target price on United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday. Susquehanna lifted their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Evercore cut their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $111.50.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.