15,465 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by SVB Wealth LLC

SVB Wealth LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,465 shares of the transportation company's stock, valued at approximately $1,950,000.

Several other hedge funds have also recently bought and sold shares of UPS. State Street Corp boosted its stake in shares of 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 worth $4,035,313,000 after acquiring an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock worth $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Geode Capital Management LLC grew its holdings in United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. FMR LLC grew its holdings in United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United Parcel Service by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company's stock valued at $632,518,000 after purchasing an additional 292,777 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $2.31 on Wednesday, hitting $119.10. The stock had a trading volume of 6,811,272 shares, compared to its average volume of 4,410,221. The company has a market capitalization of $101.73 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm's 50 day moving average price is $122.09 and its 200-day moving average price is $127.94. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period last year, the firm earned $2.47 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.51%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. Morgan Stanley lowered 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. Argus upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. UBS Group decreased their target price on United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Raymond James reduced their price objective on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.

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.