Deprince Race & Zollo Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Deprince Race & Zollo Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 292,528 shares of the transportation company’s stock after selling 21,256 shares during the period. Deprince Race & Zollo Inc.’s holdings in United Parcel Service were worth $36,888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Norges Bank acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $1,075,393,000. Raymond James Financial Inc. acquired a new stake in United Parcel Service during the fourth quarter worth $393,680,000. Franklin Resources Inc. raised its position in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Van ECK Associates Corp lifted its stake in shares of United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $94.01 on Thursday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The stock’s 50-day moving average price is $105.14 and its two-hundred day moving average price is $119.41. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market cap of $80.30 billion, a PE ratio of 13.91, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the business posted $1.43 earnings per share. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UPS shares. UBS Group decreased their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Oppenheimer decreased their price target on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets cut their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $120.87.

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.