Los Angeles Capital Management LLC Sells 47,868 Shares of United Parcel Service, Inc. (NYSE:UPS)

Los Angeles Capital Management LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 62.9% in the third quarter, Holdings Channel reports. The institutional investor owned 28,212 shares of the transportation company’s stock after selling 47,868 shares during the period. Los Angeles Capital Management LLC’s holdings in United Parcel Service were worth $3,846,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of United Parcel Service in the first quarter worth $160,787,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Citigroup decreased 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. Evercore ISI boosted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Susquehanna raised their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

NYSE:UPS opened at $130.17 on Wednesday. The business’s 50-day simple moving average is $132.12 and its two-hundred day simple moving average is $135.01. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The stock has a market cap of $111.50 billion, a PE ratio of 19.66, a P/E/G ratio of 2.17 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $22.10 billion. During the same period in the previous year, the firm earned $1.57 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.01%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.