Voya Investment Management LLC Decreases Stock Holdings in United Parcel Service, Inc. $UPS

Voya Investment Management LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 46.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,908 shares of the transportation company’s stock after selling 240,329 shares during the period. Voya Investment Management LLC’s holdings in United Parcel Service were worth $23,214,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the period. CW Advisors LLC increased its stake in shares of United Parcel Service by 209.1% during the first quarter. CW Advisors LLC now owns 32,759 shares of the transportation company’s stock valued at $3,648,000 after buying an additional 22,161 shares during the period. AlphaQuest LLC raised its holdings in shares of United Parcel Service by 182.9% during the first quarter. AlphaQuest LLC now owns 6,530 shares of the transportation company’s stock valued at $718,000 after acquiring an additional 4,222 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in United Parcel Service by 16.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 59,102 shares of the transportation company’s stock worth $6,501,000 after acquiring an additional 8,227 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in United Parcel Service by 2.3% in the first quarter. Smartleaf Asset Management LLC now owns 6,154 shares of the transportation company’s stock valued at $675,000 after acquiring an additional 139 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on UPS. JPMorgan Chase & Co. upped their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Citigroup increased their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. UBS Group upped their target price on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $110.09.

United Parcel Service Stock Performance

Shares of UPS opened at $101.93 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock has a market cap of $86.48 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.43 and a beta of 1.11. The business’s 50 day moving average price is $93.97 and its 200-day moving average price is $92.76. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. During the same quarter last year, the company earned $1.76 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.

United Parcel Service 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.