Zurcher Kantonalbank Zurich Cantonalbank Purchases 11,614 Shares of United Parcel Service, Inc. (NYSE:UPS)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,880 shares of the transportation company's stock after buying an additional 11,614 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in United Parcel Service were worth $37,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 373,202 shares in the last quarter. FMR LLC grew its holdings in shares of 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 buying an additional 380,229 shares in the last quarter. Finally, Amundi grew its holdings in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after buying an additional 1,277,328 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

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United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $0.17 during trading on Thursday, reaching $115.09. The company's stock had a trading volume of 4,628,398 shares, compared to its average volume of 4,453,200. 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 business's fifty day moving average price is $121.05 and its 200-day moving average price is $127.47. The firm has a market cap of $98.30 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95.

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, topping analysts' consensus estimates 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 period last year, the firm earned $2.47 EPS. As a group, 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.70%. 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 payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America lowered their price target on United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Susquehanna reduced their price objective on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley reduced their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Citigroup reduced their price objective on United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.09.

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.