Sei Investments Co. Buys 4,205 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sei Investments Co. raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,671 shares of the transportation company's stock after acquiring an additional 4,205 shares during the period. Sei Investments Co.'s holdings in United Parcel Service were worth $42,327,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in United Parcel Service during the fourth quarter worth $393,680,000. Two Sigma Advisers LP lifted its position in United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock valued at $282,783,000 after purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp increased its position in shares of United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock valued at $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Finally, Amundi boosted its holdings in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

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United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $5.79 on Tuesday, hitting $110.01. 10,622,008 shares of the company traded hands, compared to its average volume of 4,499,631. The company has a market cap of $93.97 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94. 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 12-month low of $109.40 and a 12-month high of $157.99. The firm's 50-day simple moving average is $119.95 and its 200 day simple moving average is $126.92.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results 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 quarter in the previous year, the firm earned $2.47 EPS. Analysts expect 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 given 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 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

Several research firms have issued reports on UPS. Bank of America lowered their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday. Robert W. Baird cut United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, BMO Capital Markets raised shares of United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Moderate Buy" and an average price target of $137.91.

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.