BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,703 shares of the transportation company’s stock after selling 17,701 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in United Parcel Service were worth $16,593,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UPS. International Assets Investment Management LLC grew its position in 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 acquiring an additional 14,539,321 shares in the last quarter. Marshall Wace LLP grew its position in 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 valued at $351,681,000 after acquiring an additional 1,901,914 shares in the last quarter. Van ECK Associates Corp grew its position in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 6.4% in 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. Finally, Assenagon Asset Management S.A. grew its position in United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $135.72 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a 50 day moving average of $133.55 and a two-hundred day moving average of $133.77. The stock has a market cap of $115.82 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer boosted their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Bank of America boosted their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.