Integrated Wealth Concepts LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Integrated Wealth Concepts LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,093 shares of the transportation company's stock after acquiring an additional 4,897 shares during the quarter. Integrated Wealth Concepts LLC's holdings in United Parcel Service were worth $6,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.6% in the 4th 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. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its position in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. Finally, FMR LLC grew its holdings in United Parcel Service by 2.5% in the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after buying an additional 268,278 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UPS. Raymond James dropped their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Morgan Stanley lowered their price objective on 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. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $126.41.

United Parcel Service Price Performance

NYSE UPS traded down $1.02 on Monday, reaching $96.89. 8,629,245 shares of the company's stock traded hands, compared to its average volume of 4,857,328. The stock has a market cap of $82.76 billion, a PE ratio of 14.33, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The stock has a 50-day simple moving average of $108.58 and a 200 day simple moving average of $121.40. 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 released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 company posted $2.47 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.77%. 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. United Parcel Service's dividend payout ratio (DPR) is presently 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.