Norges Bank purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,528,097 shares of the transportation company's stock, valued at approximately $1,075,393,000. Norges Bank owned approximately 1.00% of United Parcel Service as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $26,000. True Wealth Design LLC lifted its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after buying an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
UPS has been the subject of several recent analyst reports. Morgan Stanley decreased their target price 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. Robert W. Baird downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Bank of America dropped their price objective on United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $136.26.
View Our Latest Research Report on UPS
United Parcel Service Price Performance
UPS stock opened at $110.00 on Tuesday. The company has a market cap of $93.96 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $118.12 and a 200-day moving average of $126.27. United Parcel Service, Inc. has a 12-month low of $108.30 and a 12-month high of $154.29.
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, 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 quarter in the prior year, the business earned $2.47 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.96%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is 97.04%.
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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