United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 108.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,830 shares of the transportation company's stock after purchasing an additional 4,595 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in United Parcel Service were worth $1,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $26,000. IFS Advisors LLC lifted its holdings in 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 buying an additional 151 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the 4th quarter valued at $30,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at $34,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 2.3 %

Shares of UPS stock traded up $2.14 during trading on Friday, hitting $96.34. 4,738,497 shares of the stock traded hands, compared to its average volume of 4,826,073. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The firm has a market capitalization of $82.29 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The firm's fifty day moving average price is $110.76 and its 200-day moving average price is $122.99. 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 (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $2.47 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.81%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is 97.04%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial initiated coverage on United Parcel Service in a research report on Thursday, March 13th. They set a "buy" rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price objective for the company. Citigroup lowered their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.70.

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.