Shorepoint Capital Partners LLC Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Shorepoint Capital Partners LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 82.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,222 shares of the transportation company's stock after purchasing an additional 8,690 shares during the period. Shorepoint Capital Partners LLC's holdings in United Parcel Service were worth $2,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of 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 worth $8,213,699,000 after buying an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. Finally, FMR LLC grew its stake in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after buying an additional 268,278 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Citigroup decreased their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group reduced their price objective on shares of 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. Finally, Raymond James reduced their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $126.41.

United Parcel Service Stock Down 1.0 %

Shares of NYSE UPS traded down $1.02 during trading on Monday, hitting $96.89. 8,629,245 shares of the company traded hands, compared to its average volume of 4,857,344. The business's fifty day moving average is $108.22 and its 200 day moving average is $121.14. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The firm has a market capitalization of $82.76 billion, a price-to-earnings ratio of 14.33, 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 (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 quarter last year, the company earned $2.47 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 6.77%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is 97.04%.

United Parcel Service 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.