CIBC Private Wealth Group LLC Has $18.37 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

CIBC Private Wealth Group LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,896 shares of the transportation company's stock after selling 9,771 shares during the quarter. CIBC Private Wealth Group LLC's holdings in United Parcel Service were worth $18,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after buying an additional 370,705 shares in the last quarter. State Street Corp boosted its position in United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock worth $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 last quarter. Geode Capital Management LLC lifted its position in United Parcel Service by 2.5% during 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 acquiring an additional 373,202 shares during the last quarter. Finally, Amundi increased its stake in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

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United Parcel Service Stock Down 8.5 %

United Parcel Service stock traded down $9.34 during midday trading on Thursday, reaching $100.87. The stock had a trading volume of 6,639,269 shares, compared to its average volume of 4,678,414. The stock has a market capitalization of $86.16 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $100.68 and a 1-year high of $154.29. The firm's fifty day simple moving average is $117.20 and its 200-day simple moving average is $126.04. 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 released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 prior year, the company earned $2.47 earnings per share. As a group, analysts expect 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 issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.50%. 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 presently 97.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Barclays cut their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Susquehanna decreased their target price on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday. 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 report on Monday, February 3rd. Finally, Morgan Stanley decreased their price target 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $135.22.

About United Parcel Service

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.