Alliancebernstein L.P. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,092,224 shares of the transportation company’s stock after selling 43,481 shares during the quarter. Alliancebernstein L.P.’s holdings in United Parcel Service were worth $183,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of UPS. FMR LLC increased its position in United Parcel Service by 12.9% in the 4th quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock valued at $3,323,935,000 after acquiring an additional 2,260,739 shares in the last quarter. Nuveen Asset Management LLC increased its position in United Parcel Service by 17.2% in the 3rd quarter. Nuveen Asset Management LLC now owns 4,834,656 shares of the transportation company’s stock valued at $805,599,000 after acquiring an additional 708,377 shares in the last quarter. State Street Corp increased its position in United Parcel Service by 1.9% in the 3rd quarter. State Street Corp now owns 29,408,988 shares of the transportation company’s stock valued at $4,900,420,000 after acquiring an additional 549,201 shares in the last quarter. State of Tennessee Treasury Department increased its position in United Parcel Service by 260.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 521,237 shares of the transportation company’s stock valued at $86,854,000 after acquiring an additional 376,467 shares in the last quarter. Finally, Capital CS Group LLC acquired a new stake in United Parcel Service in the 4th quarter valued at about $59,247,000. Hedge funds and other institutional investors own 55.68% of the company’s stock.

Shares of UPS opened at $161.60 on Tuesday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.29 and a current ratio of 1.29. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $178.01. The firm’s 50 day moving average price is $160.73 and its two-hundred day moving average price is $164.53. The firm has a market cap of $139.69 billion, a P/E ratio of 30.72, a PEG ratio of 2.47 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.52. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The firm had revenue of $24.90 billion for the quarter, compared to analyst estimates of $22.85 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 19th. This represents a $4.08 dividend on an annualized basis and a yield of 2.52%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.01. United Parcel Service’s payout ratio is presently 53.65%.

UPS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parcel Service from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 4th. Oppenheimer reiterated a “buy” rating and set a $186.00 price target on shares of United Parcel Service in a research report on Sunday, November 1st. Sanford C. Bernstein reiterated a “buy” rating and set a $184.00 price target on shares of United Parcel Service in a research report on Wednesday, December 2nd. Morgan Stanley lifted their price target on shares of United Parcel Service from $74.00 to $80.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 3rd. Finally, TheStreet cut shares of United Parcel Service from an “a-” rating to a “c” rating in a research report on Tuesday, February 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and an average target price of $157.91.

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 13,337 shares of United Parcel Service stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $159.64, for a total value of $2,129,118.68. Insiders own 0.57% of the company’s stock.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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