Banco Bilbao Vizcaya Argentaria S.A. Purchases 20,440 Shares of United Parcel Service, Inc. (NYSE:UPS)

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 67.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,740 shares of the transportation company's stock after purchasing an additional 20,440 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in United Parcel Service were worth $6,351,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $393,680,000. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Van ECK Associates Corp increased its stake in United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock worth $397,329,000 after purchasing an additional 1,378,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 1,337,058 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on UPS shares. Citigroup dropped their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Susquehanna lowered their price target on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. Finally, Truist Financial reduced their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $126.41.

United Parcel Service Stock Down 1.0 %

Shares of UPS traded down $1.02 during trading hours on Monday, hitting $96.89. 8,629,245 shares of the company were exchanged, compared to its average volume of 4,857,328. 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 market cap of $82.76 billion, a PE ratio of 14.33, a PEG ratio of 1.55 and a beta of 1.10. The firm's 50 day moving average is $108.58 and its 200-day moving average is $121.40. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 quarter in the previous year, the company earned $2.47 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal 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 paid a $1.64 dividend. 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 6.77%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

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.