Annie E. Casey Foundation Inc. Purchases Shares of 421,036 United Parcel Service, Inc. (NYSE:UPS)

Annie E. Casey Foundation Inc. bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 421,036 shares of the transportation company's stock, valued at approximately $53,093,000. United Parcel Service makes up 77.8% of Annie E. Casey Foundation Inc.'s holdings, making the stock its biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. Banco Santander S.A. grew its position in United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock worth $1,717,000 after buying an additional 79 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of United Parcel Service by 0.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 130,482 shares of the transportation company's stock valued at $17,281,000 after purchasing an additional 701 shares during the period. Meridian Wealth Management LLC purchased a new position in United Parcel Service in the 3rd quarter worth about $1,316,000. Kingsview Wealth Management LLC raised its holdings in United Parcel Service by 97.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 39,981 shares of the transportation company's stock worth $5,451,000 after buying an additional 19,772 shares during the period. Finally, Swedbank AB lifted its stake in United Parcel Service by 2.8% during the third quarter. Swedbank AB now owns 280,509 shares of the transportation company's stock valued at $38,245,000 after buying an additional 7,675 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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United Parcel Service Stock Down 5.0 %

NYSE:UPS traded down $5.79 during trading hours on Tuesday, reaching $110.01. The company's stock had a trading volume of 10,622,008 shares, compared to its average volume of 4,524,087. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market cap of $93.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $157.99. The business's 50-day moving average is $119.63 and its 200-day moving average is $126.79.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 quarter last year, the business posted $2.47 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.96%. United Parcel Service's payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. UBS Group cut their target price on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. Finally, Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.91.

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.