Norinchukin Bank The raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,181 shares of the transportation company's stock after acquiring an additional 3,375 shares during the quarter. Norinchukin Bank The's holdings in United Parcel Service were worth $4,310,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in United Parcel Service during the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $393,680,000. Franklin Resources Inc. raised its stake in shares of 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 purchasing an additional 1,484,452 shares during the last quarter. Van ECK Associates Corp raised its position in 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 worth $397,329,000 after buying an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.1% during the fourth 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 during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Stock Performance
Shares of United Parcel Service stock traded down $0.16 on Monday, hitting $96.27. The stock had a trading volume of 3,928,807 shares, compared to its average volume of 4,826,903. The company's 50 day moving average price is $110.04 and its 200 day moving average price is $122.36. The stock has a market cap of $82.23 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 1.55 and a beta of 1.10. 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 52-week low of $90.55 and a 52-week high of $153.42.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.81%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio is currently 97.04%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on UPS. Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. UBS Group lowered their price target on shares of 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. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Stifel Nicolaus decreased their target price on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $129.70.
Read Our Latest Report on UPS
United Parcel Service Company Profile
(
Free Report)
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.
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