United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Brooks Moore & Associates Inc.

Brooks Moore & Associates Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,040 shares of the transportation company's stock after acquiring an additional 5,060 shares during the period. United Parcel Service accounts for about 2.3% of Brooks Moore & Associates Inc.'s portfolio, making the stock its 16th largest holding. Brooks Moore & Associates Inc.'s holdings in United Parcel Service were worth $3,914,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UPS. Norges Bank purchased a new stake in United Parcel Service in the 4th quarter valued at about $1,075,393,000. Raymond James Financial Inc. acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $393,680,000. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% during the 4th 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 period. Van ECK Associates Corp raised its position 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 purchasing an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $2.97 during midday trading on Thursday, reaching $96.93. 6,648,002 shares of the company were exchanged, compared to its average volume of 5,000,783. The stock has a fifty day simple moving average of $105.14 and a 200 day simple moving average of $119.41. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $82.79 billion, a P/E ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.23. 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 quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during 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 company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.77%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

A number of equities analysts recently commented on UPS shares. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. BMO Capital Markets dropped their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group decreased their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Citigroup reduced their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $120.87.

United Parcel Service Company 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.