Assenagon Asset Management S.A. Sells 274,814 Shares of United Parcel Service, Inc. (NYSE:UPS)

Assenagon Asset Management S.A. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 805,150 shares of the transportation company’s stock after selling 274,814 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of United Parcel Service worth $101,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC raised its position in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. PSI Advisors LLC raised its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. FSA Wealth Management LLC purchased a new position in United Parcel Service during the 3rd quarter valued at $36,000. Finally, Capital Performance Advisors LLP bought a new position in United Parcel Service in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UPS. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Citigroup reduced their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Evercore ISI upped their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Finally, Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.10.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.7 %

NYSE UPS opened at $125.89 on Wednesday. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a fifty day simple moving average of $129.22 and a two-hundred day simple moving average of $131.01. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $107.43 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.18%. United Parcel Service’s payout ratio is currently 98.49%.

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.