Two Sigma Advisers LP Has $179.79 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Two Sigma Advisers LP cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,744 shares of the transportation company’s stock after selling 648,356 shares during the period. Two Sigma Advisers LP’s holdings in United Parcel Service were worth $179,786,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Texas Bank & Trust Co acquired a new stake in United Parcel Service during the 4th quarter worth approximately $1,359,000. Tidal Investments LLC boosted its position in United Parcel Service by 56.1% during the 4th quarter. Tidal Investments LLC now owns 53,482 shares of the transportation company’s stock worth $6,744,000 after buying an additional 19,227 shares during the period. Teza Capital Management LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $1,433,000. TrinityPoint Wealth LLC boosted its position in United Parcel Service by 7.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,687 shares of the transportation company’s stock worth $717,000 after buying an additional 376 shares during the period. Finally, Stonebrook Private Inc. boosted its position in United Parcel Service by 4.7% during the 4th quarter. Stonebrook Private Inc. now owns 2,623 shares of the transportation company’s stock worth $331,000 after buying an additional 117 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UPS shares. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Hsbc Global Res lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Performance

NYSE:UPS opened at $101.20 on Monday. The company has a fifty day moving average of $102.36 and a 200-day moving average of $117.49. The firm has a market capitalization of $86.44 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $149.57.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

About United Parcel Service

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.