Vinva Investment Management Ltd Purchases 7,443 Shares of United Parcel Service, Inc. (NYSE:UPS)

Vinva Investment Management Ltd boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,811 shares of the transportation company's stock after purchasing an additional 7,443 shares during the quarter. Vinva Investment Management Ltd's holdings in United Parcel Service were worth $4,488,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at about $393,680,000. Two Sigma Advisers LP boosted its stake in United Parcel Service by 833.4% in 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 acquiring an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp increased its stake 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 worth $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 6.1% in the fourth 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 lifted its stake in United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UPS shares. Stifel Nicolaus dropped their target price on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Susquehanna reduced their target price on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Baird R W cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.09.

United Parcel Service Stock Down 1.5 %

Shares of UPS stock traded down $1.73 during trading hours on Friday, hitting $115.25. 18,345,865 shares of the company's stock traded hands, compared to its average volume of 4,493,194. The stock's fifty day simple moving average is $120.13 and its two-hundred day simple moving average is $127.01. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $157.99. The stock has a market cap of $98.44 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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 net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the business earned $2.47 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.69%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is presently 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.