Primecap Management Co. CA Sells 68,954 Shares of United Parcel Service, Inc. (NYSE:UPS)

Primecap Management Co. CA cut its position in United Parcel Service, Inc. (NYSE:UPS) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,788,761 shares of the transportation company’s stock after selling 68,954 shares during the period. Primecap Management Co. CA’s holdings in United Parcel Service were worth $351,663,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth about $25,000. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC raised its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of United Parcel Service during the fourth quarter worth about $34,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth about $35,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $118.13 on Tuesday. The firm has a market cap of $100.91 billion, a PE ratio of 17.48, a PEG ratio of 1.55 and a beta of 0.94. The stock’s fifty day moving average price is $120.79 and its two-hundred day moving average price is $127.32. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the business posted $2.47 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.55%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. Bank of America reduced their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Loop Capital reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service 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.