Korea Investment CORP lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 508,196 shares of the transportation company's stock after selling 92,072 shares during the period. Korea Investment CORP owned about 0.06% of United Parcel Service worth $64,084,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $26,000. IFS Advisors LLC boosted its holdings in shares of 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 purchasing an additional 151 shares during the last quarter. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the fourth quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Price Performance
Shares of NYSE UPS traded up $0.34 during mid-day trading on Monday, reaching $110.00. 6,534,610 shares of the company traded hands, compared to its average volume of 4,669,043. The firm has a market cap of $93.96 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. 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, Inc. has a fifty-two week low of $108.30 and a fifty-two week high of $154.29. The stock has a fifty day simple moving average of $118.12 and a 200-day simple moving average of $126.27.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $2.47 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given 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 of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. United Parcel Service's dividend payout ratio (DPR) is 97.04%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on UPS. Barclays dropped their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target on the stock. Bank of America dropped their price objective on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.26.
Get Our Latest Stock Analysis on UPS
About United Parcel Service
(
Free Report)
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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