BI Asset Management Fondsmaeglerselskab A S Purchases 35,004 Shares of United Parcel Service, Inc. (NYSE:UPS)

BI Asset Management Fondsmaeglerselskab A S raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 219.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,922 shares of the transportation company's stock after purchasing an additional 35,004 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in United Parcel Service were worth $6,421,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $26,000. IFS Advisors LLC boosted its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the 4th quarter worth about $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $34,000. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on UPS shares. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective for the company. Susquehanna dropped their target price 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, Citigroup lowered their price target on 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.70.

United Parcel Service Stock Down 0.2 %

Shares of United Parcel Service stock traded down $0.16 during trading on Monday, hitting $96.27. 3,928,807 shares of the stock traded hands, compared to its average volume of 4,826,903. The company has a fifty day moving average price of $110.04 and a two-hundred day moving average price of $122.36. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The stock has a market cap of $82.23 billion, a P/E ratio of 14.24, a PEG ratio of 1.55 and a beta of 1.10. 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 (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate 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 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 fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 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.