Rockefeller Capital Management L.P. Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Rockefeller Capital Management L.P. increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 432,420 shares of the transportation company's stock after acquiring an additional 118,881 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.05% of United Parcel Service worth $54,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the 4th quarter worth about $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 valued at $27,000 after purchasing an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of United Parcel Service in the fourth quarter worth about $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Up 3.1 %

Shares of UPS traded up $2.90 during trading hours on Thursday, hitting $97.10. The company had a trading volume of 2,462,627 shares, compared to its average volume of 6,438,753. The stock has a market capitalization of $82.94 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 1.55 and a beta of 1.10. 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, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The firm has a fifty day moving average price of $111.12 and a 200-day moving average price of $123.27.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 in the previous year, the firm posted $2.47 EPS. 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 business also recently announced 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. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.76%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 97.04%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays cut their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group decreased their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus cut their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Susquehanna cut their target price on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Finally, Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus target price of $131.32.

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.