Mackenzie Financial Corp Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Mackenzie Financial Corp increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,015 shares of the transportation company's stock after acquiring an additional 4,935 shares during the quarter. Mackenzie Financial Corp's holdings in United Parcel Service were worth $8,451,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Loop Capital lowered their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup lowered their price target 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. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Trading Down 0.6%

NYSE:UPS traded down $0.60 on Friday, reaching $97.50. The stock had a trading volume of 6,763,138 shares, compared to its average volume of 5,146,066. The company has a market cap of $82.56 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm's fifty day moving average is $98.56 and its two-hundred day moving average is $114.98. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.73%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.