United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by United Services Automobile Association

United Services Automobile Association boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 235.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,333 shares of the transportation company's stock after purchasing an additional 166,557 shares during the quarter. United Parcel Service comprises approximately 0.8% of United Services Automobile Association's holdings, making the stock its 23rd largest holding. United Services Automobile Association's holdings in United Parcel Service were worth $37,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the fourth quarter valued at $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service in the 4th quarter valued at about $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the fourth quarter worth about $28,000. Bourgeon Capital Management LLC bought a new stake in United Parcel Service during the fourth quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC raised its position in United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company's stock valued at $37,000 after purchasing an additional 98 shares during the period. Institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UPS shares. BMO Capital Markets lifted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a "market perform" rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. HSBC raised shares of United Parcel Service from a "hold" rating to a "buy" rating and increased their target price for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Finally, Redburn Atlantic upgraded shares of United Parcel Service from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $165.23.

United Parcel Service Stock Down 0.3 %

NYSE:UPS traded down $0.44 during trading hours on Monday, reaching $138.66. The company's stock had a trading volume of 2,995,400 shares, compared to its average volume of 4,023,004. The stock has a 50 day moving average price of $147.59 and a two-hundred day moving average price of $150.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market capitalization of $118.63 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the previous year, the company posted $2.20 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.70%. United Parcel Service's dividend payout ratio (DPR) is presently 94.49%.

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.