Bridge Creek Capital Management LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Bridge Creek Capital Management LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,293 shares of the transportation company’s stock after selling 870 shares during the quarter. United Parcel Service comprises approximately 1.4% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 29th largest holding. Bridge Creek Capital Management LLC’s holdings in United Parcel Service were worth $4,450,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% in the 3rd 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 purchasing an additional 14,539,321 shares in the last quarter. Marshall Wace LLP lifted its holdings in United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after buying an additional 1,901,914 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after acquiring an additional 1,851,900 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 valued at $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS traded up $1.53 during trading hours on Monday, reaching $124.81. The company had a trading volume of 3,924,800 shares, compared to its average volume of 4,121,652. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $129.54 and a two-hundred day moving average of $131.16. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $161.35. The firm has a market capitalization of $106.51 billion, a PE ratio of 18.85, a PEG ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last released 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the company earned $1.57 EPS. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.22%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. 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 note on Tuesday, November 12th. UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

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.