United Parcel Service, Inc. $UPS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,234,600 shares of the transportation company’s stock after selling 168,700 shares during the period. Renaissance Technologies LLC’s holdings in United Parcel Service were worth $121,460,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $25,000. Coston McIsaac & Partners grew its stake in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in United Parcel Service during the 4th quarter worth $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4%

UPS opened at $114.60 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $97.41 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. The business’s 50-day simple moving average is $108.28 and its 200-day simple moving average is $106.62.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.7%. United Parcel Service’s payout ratio is currently 106.15%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Susquehanna boosted their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup upped their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp assumed coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Sanford C. Bernstein lifted their price target on shares of United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.