Bridgeway Capital Management LLC Has $18.49 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bridgeway Capital Management LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,633 shares of the transportation company's stock after buying an additional 16,056 shares during the quarter. Bridgeway Capital Management LLC's holdings in United Parcel Service were worth $18,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Norges Bank acquired a new position in shares of United Parcel Service during the 4th quarter worth about $1,075,393,000. Raymond James Financial Inc. bought a new position in United Parcel Service during the fourth quarter worth about $393,680,000. Franklin Resources Inc. increased its position in 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. Van ECK Associates Corp raised its stake in United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock valued at $397,329,000 after buying an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 1,337,058 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UPS shares. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Oppenheimer cut their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets dropped their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average price target of $120.87.

United Parcel Service Stock Performance

NYSE UPS opened at $95.58 on Tuesday. The firm's 50 day simple moving average is $106.12 and its 200 day simple moving average is $119.76. The firm has a market capitalization of $81.64 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.55 and a beta of 1.23. 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 1 year low of $90.55 and a 1 year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 earnings per share. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.86%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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.

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