Pensionfund Sabic Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Pensionfund Sabic lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,400 shares of the transportation company’s stock after selling 2,900 shares during the quarter. Pensionfund Sabic’s holdings in United Parcel Service were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UPS. Natixis purchased a new position in United Parcel Service in the 1st quarter valued at approximately $121,000. Cohen Investment Advisors LLC grew its position in shares of United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Financial Partners Group LLC raised its stake in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after purchasing an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after purchasing an additional 6,502 shares in the last quarter. Finally, Nvwm LLC boosted its stake in United Parcel Service by 3.7% in the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after purchasing an additional 96 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UPS has been the topic of a number of recent analyst reports. Stephens lowered their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Evercore ISI cut their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Wells Fargo & Company upped their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets dropped their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group decreased their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Stock Down 0.1 %

UPS opened at $132.85 on Friday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $129.04 and its 200-day moving average price is $137.26. The company has a market cap of $113.80 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.42 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.91%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

United Parcel Service Company 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.