AGF Management Ltd. Acquires 18,693 Shares of United Parcel Service, Inc. (NYSE:UPS)

AGF Management Ltd. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 354.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,965 shares of the transportation company's stock after acquiring an additional 18,693 shares during the quarter. AGF Management Ltd.'s holdings in United Parcel Service were worth $3,022,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp boosted its position in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock worth $4,035,313,000 after acquiring an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC boosted its position in United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the last quarter. FMR LLC boosted its position in United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after acquiring an additional 380,229 shares during the last quarter. Finally, Amundi boosted its position in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after acquiring an additional 1,277,328 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 1.0 %

Shares of NYSE UPS opened at $115.17 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The stock has a market capitalization of $98.37 billion, a P/E ratio of 17.04, a PEG ratio of 1.55 and a beta of 0.94. The stock's fifty day moving average is $121.23 and its 200 day moving average is $127.55.

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United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Susquehanna cut their price objective on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group cut their price objective on United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective for the company. Stifel Nicolaus cut their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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.

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