Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Makes New $10.67 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,574 shares of the transportation company's stock, valued at approximately $10,665,000. United Parcel Service makes up about 8.2% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s portfolio, making the stock its 6th biggest holding.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after buying an additional 370,705 shares during the period. State Street Corp boosted its holdings in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC increased its stake in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. Finally, Amundi lifted its position in United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America lowered 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. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. The Goldman Sachs Group reduced their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $137.57.

United Parcel Service Stock Down 1.2 %

Shares of UPS traded down $1.36 during trading hours on Friday, hitting $109.66. The company had a trading volume of 3,282,367 shares, compared to its average volume of 4,661,575. The stock has a market capitalization of $93.66 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94. The firm has a fifty day moving average price of $118.52 and a 200-day moving average price of $126.42. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $154.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $2.47 earnings per share. On average, equities research analysts forecast 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 $1.64 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.98%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

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.