United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,068 shares of the transportation company's stock after buying an additional 5,356 shares during the quarter. Loomis Sayles & Co. L P's holdings in United Parcel Service were worth $12,997,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CreativeOne Wealth LLC raised its holdings in United Parcel Service by 23.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company's stock valued at $1,981,000 after buying an additional 2,720 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in United Parcel Service by 7.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 285,266 shares of the transportation company's stock valued at $38,893,000 after acquiring an additional 19,666 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of United Parcel Service by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company's stock valued at $632,518,000 after acquiring an additional 292,777 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of United Parcel Service by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company's stock worth $4,402,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its stake in shares of United Parcel Service by 44.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 55,829 shares of the transportation company's stock worth $7,612,000 after purchasing an additional 17,155 shares during the period. Institutional investors own 60.26% of the company's stock.

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United Parcel Service Stock Down 0.6 %

Shares of UPS stock traded down $0.70 during mid-day trading on Tuesday, hitting $109.29. 5,874,106 shares of the stock traded hands, compared to its average volume of 4,670,858. United Parcel Service, Inc. has a 52-week low of $108.18 and a 52-week high of $154.29. The stock has a market cap of $93.35 billion, a P/E ratio of 16.17, a P/E/G 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. The stock's fifty day moving average is $117.65 and its two-hundred day moving average is $126.15.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 quarter in the previous year, the business earned $2.47 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 6.00%. United Parcel Service's dividend payout ratio (DPR) is 97.04%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UPS. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price target on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Loop Capital cut their price objective 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. The Goldman Sachs Group reduced their target price 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, Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus price target of $135.83.

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.