HighTower Advisors LLC Has $130.24 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

HighTower Advisors LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,032,857 shares of the transportation company's stock after selling 61,025 shares during the period. HighTower Advisors LLC owned 0.12% of United Parcel Service worth $130,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. State Street Corp boosted its position in shares of United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after purchasing an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 valued at $2,080,170,000 after purchasing an additional 373,202 shares in the last quarter. FMR LLC boosted its position in shares of United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. Finally, Amundi boosted its position in shares of United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $116.35 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a fifty day simple moving average of $121.45 and a two-hundred day simple moving average of $127.64. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company has a market capitalization of $99.38 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.55 and a beta of 0.94.

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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 the consensus estimate 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 period in the previous year, the firm earned $2.47 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.64%. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Loop Capital cut their target price on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

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.

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