Fmr LLC Has $1.37 Billion Stock Position in United Parcel Service, Inc. (NYSE:UPS)

FMR LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,895,828 shares of the transportation company's stock after purchasing an additional 268,278 shares during the quarter. FMR LLC owned 1.28% of United Parcel Service worth $1,373,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the fourth quarter valued at $26,000. IFS Advisors LLC raised its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth about $34,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 3.6 %

NYSE:UPS traded down $3.59 during mid-day trading on Thursday, hitting $96.07. The company had a trading volume of 2,909,586 shares, compared to its average volume of 4,775,187. 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, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The firm has a market cap of $82.06 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.10. The business's fifty day moving average is $112.70 and its two-hundred day moving average is $124.44.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly 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 business posted $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is a positive change 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 6.83%. United Parcel Service's payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UPS shares. Bank of America cut their price target on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. UBS Group reduced their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Loop Capital dropped their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.32.

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.