United Parcel Service, Inc. (UPS) Position Cut by Heritage Investors Management Corp

Heritage Investors Management Corp cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,168 shares of the transportation company’s stock after selling 4,793 shares during the period. Heritage Investors Management Corp’s holdings in United Parcel Service were worth $11,081,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of United Parcel Service by 9,644.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 7,289,396 shares in the last quarter. Norges Bank bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $491,939,000. Boston Partners raised its stake in shares of United Parcel Service by 3,240.0% during the 4th quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock worth $184,460,000 after acquiring an additional 1,834,692 shares in the last quarter. BlackRock Inc. raised its stake in shares of United Parcel Service by 3.6% during the 4th quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock worth $4,290,253,000 after acquiring an additional 1,534,331 shares in the last quarter. Finally, FMR LLC raised its stake in shares of United Parcel Service by 9.9% during the 4th quarter. FMR LLC now owns 12,254,495 shares of the transportation company’s stock worth $1,195,181,000 after acquiring an additional 1,102,283 shares in the last quarter. 55.58% of the stock is owned by institutional investors.

In other news, CFO Richard N. Peretz sold 9,112 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total value of $1,013,072.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. Insiders sold a total of 15,612 shares of company stock worth $1,720,717 over the last ninety days. Insiders own 0.17% of the company’s stock.

Several research analysts recently commented on the stock. Cowen reiterated a “market perform” rating and set a $116.00 price objective (down previously from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Raymond James reduced their price objective on shares of United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Friday, April 26th. Berenberg Bank reiterated a “hold” rating and set a $125.00 price objective on shares of United Parcel Service in a research note on Monday, March 25th. Argus reiterated a “buy” rating on shares of United Parcel Service in a research note on Tuesday. Finally, Standpoint Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $122.41.

United Parcel Service stock traded up $1.14 during mid-day trading on Friday, reaching $106.65. 3,107,506 shares of the company traded hands, compared to its average volume of 3,284,700. The firm has a market capitalization of $91.74 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.64 and a beta of 1.16. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 5.85. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The firm’s revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

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About United Parcel Service

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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