United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Ossiam

Ossiam grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,483 shares of the transportation company's stock after purchasing an additional 2,913 shares during the period. Ossiam's holdings in United Parcel Service were worth $1,448,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,075,393,000. Raymond James Financial Inc. acquired a new position in United Parcel Service during the fourth quarter worth $393,680,000. Franklin Resources Inc. raised its position in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp lifted its holdings in United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.2 %

Shares of NYSE UPS traded down $0.16 on Monday, reaching $96.27. 3,928,807 shares of the company traded hands, compared to its average volume of 4,826,903. The company has a 50 day moving average of $110.04 and a 200 day moving average of $122.36. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The stock has a market capitalization of $82.23 billion, a PE ratio of 14.24, a P/E/G ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 prior year, the company earned $2.47 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's payout ratio is currently 97.04%.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. Bank of America cut their price target on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Citigroup lowered their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Loop Capital reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Finally, UBS Group decreased their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have issued 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.com, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus price target of $129.70.

United Parcel Service 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.