Allstate Corp Makes New $2.74 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Allstate Corp bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,701 shares of the transportation company's stock, valued at approximately $2,736,000.

A number of other large investors have also added to or reduced their stakes in UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after buying an additional 370,705 shares during the last quarter. State Street Corp grew its position in shares of 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 valued at $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. Finally, Amundi lifted its position in United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Remove Ads

United Parcel Service Trading Up 0.6 %

United Parcel Service stock traded up $0.65 during mid-day trading on Wednesday, hitting $109.91. The company's stock had a trading volume of 1,364,386 shares, compared to its average volume of 4,658,128. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a 50 day moving average of $117.65 and a 200-day moving average of $126.15. United Parcel Service, Inc. has a one year low of $108.18 and a one year high of $154.29. The stock has a market cap of $93.88 billion, a PE ratio of 16.25, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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 net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm earned $2.47 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.97%. United Parcel Service's dividend payout ratio is presently 97.04%.

Analysts Set New Price Targets

UPS has been the topic of several recent research reports. Loop Capital decreased their price objective on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Susquehanna dropped their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Raymond James cut their price target on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.83.

United Parcel Service 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.