MassMutual Private Wealth & Trust FSB Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

MassMutual Private Wealth & Trust FSB decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,076 shares of the transportation company’s stock after selling 2,135 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in United Parcel Service were worth $3,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after purchasing an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC increased its holdings in shares of United Parcel Service by 15,779.6% during 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. Finally, FMR LLC lifted its stake in shares of United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $129.77 on Tuesday. The stock has a market cap of $110.74 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $128.95 and a 200-day simple moving average of $130.87. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35.

United Parcel Service (NYSE:UPS) last posted 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. 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 last year, the firm earned $1.57 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred 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 owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Barclays reiterated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Stifel Nicolaus boosted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.10.

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.