Victory Capital Management Inc. Sells 80,069 Shares of United Parcel Service, Inc. (NYSE:UPS)

Victory Capital Management Inc. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.4% during the third quarter, HoldingsChannel reports. The firm owned 624,064 shares of the transportation company’s stock after selling 80,069 shares during the quarter. Victory Capital Management Inc.’s holdings in United Parcel Service were worth $85,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in United Parcel Service by 6.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock valued at $12,676,000 after acquiring an additional 5,373 shares during the period. Orion Portfolio Solutions LLC raised its stake in United Parcel Service by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 91,644 shares of the transportation company’s stock valued at $13,621,000 after acquiring an additional 12,524 shares during the period. Leo Wealth LLC raised its stake in United Parcel Service by 9.0% in the 1st quarter. Leo Wealth LLC now owns 2,496 shares of the transportation company’s stock valued at $370,000 after acquiring an additional 206 shares during the period. Tocqueville Asset Management L.P. raised its stake in United Parcel Service by 880.2% in the 1st quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company’s stock valued at $3,304,000 after acquiring an additional 19,964 shares during the period. Finally, M&G Plc bought a new stake in United Parcel Service in the 1st quarter valued at about $9,766,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UPS shares. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets decreased their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price target 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. Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Up 2.8 %

Shares of UPS opened at $133.72 on Thursday. The firm has a market cap of $114.54 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.14 and a beta of 0.99. The stock has a 50 day simple moving average of $132.17 and a two-hundred day simple moving average of $134.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

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 the consensus estimate of $1.63 by $0.13. The business 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%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.