United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,467 shares of the transportation company's stock after purchasing an additional 12,119 shares during the period. DnB Asset Management AS's holdings in United Parcel Service were worth $33,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in shares of United Parcel Service during the fourth quarter valued at about $461,000. Synovus Financial Corp raised its stake in shares of United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock valued at $11,934,000 after acquiring an additional 6,941 shares during the period. HF Advisory Group LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts have issued reports on UPS shares. Citigroup cut their target price on United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Baird R W downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Raymond James lowered their target price on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a report on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.83.

United Parcel Service Stock Down 0.5 %

Shares of NYSE UPS traded down $0.54 during midday trading on Tuesday, hitting $109.45. 2,438,288 shares of the company's stock were exchanged, compared to its average volume of 6,321,488. The firm's fifty day simple moving average is $118.12 and its 200-day simple moving average is $126.27. The company has a market cap of $93.49 billion, a PE ratio of 16.20, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a twelve month low of $108.30 and a twelve month high of $154.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 in the prior year, the firm posted $2.47 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is currently 97.04%.

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.