70,119 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Allianz SE

Allianz SE purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 70,119 shares of the transportation company's stock, valued at approximately $8,838,000.

Several other hedge funds also recently modified their holdings of UPS. Vanguard Group Inc. raised its holdings in United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares in the last quarter. State Street Corp raised its stake in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after purchasing an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after buying an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after buying an additional 373,202 shares in the last quarter. Finally, Amundi lifted its holdings in shares of 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 period. 60.26% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UPS shares. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Susquehanna dropped their target price on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Barclays dropped their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.83.

United Parcel Service Trading Down 0.8 %

NYSE:UPS traded down $0.83 on Tuesday, hitting $109.16. 2,609,701 shares of the stock were exchanged, compared to its average volume of 4,661,314. 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 $108.30 and a 52 week high of $154.29. The stock has a market capitalization of $93.24 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.55 and a beta of 0.94. The company's 50-day moving average price is $118.12 and its 200 day moving average price is $126.27.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $2.47 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.01%. United Parcel Service's dividend payout ratio is currently 97.04%.

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.