United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 38.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,289 shares of the transportation company's stock after purchasing an additional 15,401 shares during the period. United Parcel Service comprises about 1.0% of Amica Mutual Insurance Co.'s holdings, making the stock its 26th largest position. Amica Mutual Insurance Co.'s holdings in United Parcel Service were worth $8,618,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new position in United Parcel Service in the 2nd quarter worth about $25,000. OFI Invest Asset Management acquired a new position in shares of United Parcel Service during the 3rd quarter valued at about $25,000. IMA Wealth Inc. increased its holdings in shares of United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company's stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Pacific Center for Financial Services acquired a new position in shares of United Parcel Service during the 1st quarter valued at about $25,000. Finally, Worth Asset Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter valued at about $27,000. 58.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on UPS shares. Susquehanna lowered their price objective on United Parcel Service from $173.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, October 2nd. Stifel Nicolaus increased their price objective on United Parcel Service from $180.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. StockNews.com started coverage on United Parcel Service in a report on Thursday, October 5th. They set a "hold" rating on the stock. Bank of America lowered their price objective on United Parcel Service from $177.00 to $167.00 in a report on Friday, September 29th. Finally, Barclays lowered their target price on United Parcel Service from $180.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, September 28th. Seventeen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $185.26.

United Parcel Service Price Performance

NYSE:UPS traded up $1.46 during mid-day trading on Tuesday, hitting $160.06. The company's stock had a trading volume of 3,442,866 shares, compared to its average volume of 3,279,056. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $136.36 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.67 and a beta of 1.05. The stock has a fifty day moving average of $155.59 and a 200-day moving average of $160.99.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.04. United Parcel Service had a net margin of 9.19% and a return on equity of 43.46%. The firm had revenue of $21.06 billion during the quarter, compared to analyst estimates of $21.40 billion. During the same quarter in the prior year, the business posted $2.99 earnings per share. The company's quarterly revenue was down 12.8% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.77 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 13th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, November 10th. United Parcel Service's dividend payout ratio (DPR) is presently 65.59%.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

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