BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 18,574 Shares of United Parcel Service, Inc. (NYSE:UPS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,277 shares of the transportation company's stock after purchasing an additional 18,574 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in United Parcel Service were worth $17,689,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service in the 4th quarter worth $461,000. Allspring Global Investments Holdings LLC raised its holdings in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. raised its holdings in United Parcel Service by 42.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock worth $4,302,000 after purchasing an additional 10,176 shares during the period. PUREfi Wealth LLC purchased a new stake in United Parcel Service in the 4th quarter worth $737,000. Finally, TFG Advisers LLC increased its stake in United Parcel Service by 5.1% in the 4th quarter. TFG Advisers LLC now owns 7,800 shares of the transportation company's stock worth $984,000 after buying an additional 375 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Loop Capital cut their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Raymond James cut their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Trading Down 1.6%

UPS traded down $1.58 on Friday, hitting $95.39. The company had a trading volume of 3,314,170 shares, compared to its average volume of 5,121,399. The company has a market cap of $80.77 billion, a PE ratio of 14.11, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business's fifty day simple moving average is $100.37 and its 200 day simple moving average is $116.45.

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 company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm's revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.88%. United Parcel Service's dividend payout ratio is currently 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.