Blueshift Asset Management LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Blueshift Asset Management LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,617 shares of the transportation company’s stock after selling 1,235 shares during the period. Blueshift Asset Management LLC’s holdings in United Parcel Service were worth $1,175,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. iA Global Asset Management Inc. boosted its position in shares of United Parcel Service by 23.8% during the first quarter. iA Global Asset Management Inc. now owns 11,245 shares of the transportation company’s stock valued at $1,671,000 after buying an additional 2,164 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in United Parcel Service by 978.3% in the first quarter. Plato Investment Management Ltd now owns 2,437 shares of the transportation company’s stock worth $362,000 after purchasing an additional 2,211 shares during the last quarter. Heartland Bank & Trust Co bought a new stake in United Parcel Service in the 1st quarter worth approximately $232,000. CCM Investment Advisers LLC raised its stake in United Parcel Service by 2.1% during the 1st quarter. CCM Investment Advisers LLC now owns 65,589 shares of the transportation company’s stock valued at $9,749,000 after buying an additional 1,380 shares during the last quarter. Finally, Wahed Invest LLC lifted its holdings in shares of United Parcel Service by 14.6% during the 1st quarter. Wahed Invest LLC now owns 14,171 shares of the transportation company’s stock valued at $2,106,000 after buying an additional 1,803 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Susquehanna upped their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Citigroup cut their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Trading Down 1.9 %

Shares of NYSE:UPS opened at $134.96 on Wednesday. The company has a market capitalization of $115.17 billion, a PE ratio of 20.39, a P/E/G ratio of 2.26 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The business’s fifty day simple moving average is $133.24 and its 200-day simple moving average is $133.95.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.83%. United Parcel Service’s dividend payout ratio is presently 98.49%.

About United Parcel Service

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.