United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,676,441 shares of the transportation company's stock after buying an additional 200,297 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.43% of United Parcel Service worth $578,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in UPS. Harbor Capital Advisors Inc. lifted its stake in United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company's stock worth $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN lifted its stake in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company's stock worth $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. lifted its stake in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company's stock worth $999,000 after purchasing an additional 66 shares during the last quarter. Advisors Capital Management LLC lifted its stake in United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company's stock worth $2,351,000 after purchasing an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC lifted its stake in United Parcel Service by 0.3% during the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company's stock worth $3,981,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UPS shares. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 9th. Robert W. Baird upgraded United Parcel Service from a "neutral" rating to an "outperform" rating and raised their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Morgan Stanley raised their target price on United Parcel Service from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Wednesday, March 27th. Susquehanna raised their target price on United Parcel Service from $150.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. Finally, Argus cut United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $165.23.

United Parcel Service Price Performance

NYSE:UPS traded up $0.93 during mid-day trading on Friday, reaching $147.37. 2,504,551 shares of the stock were exchanged, compared to its average volume of 3,473,430. The business has a fifty day moving average price of $149.34 and a 200 day moving average price of $150.48. The firm has a market capitalization of $125.66 billion, a PE ratio of 21.36, a PEG ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service's revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. United Parcel Service's dividend payout ratio is currently 94.49%.

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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