OMERS ADMINISTRATION Corp Acquires 5,257 Shares of United Parcel Service, Inc. (NYSE:UPS)

OMERS ADMINISTRATION Corp boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,334 shares of the transportation company's stock after acquiring an additional 5,257 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in United Parcel Service were worth $3,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. Measured Risk Portfolios Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $2,234,000. Minot DeBlois Advisors LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $645,000. Mork Capital Management LLC purchased a new position in United Parcel Service during the fourth quarter valued at approximately $996,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of United Parcel Service by 10.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,976 shares of the transportation company's stock worth $13,736,000 after purchasing an additional 10,074 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of United Parcel Service by 52.1% in the fourth quarter. Lazard Asset Management LLC now owns 5,375 shares of the transportation company's stock worth $677,000 after purchasing an additional 1,842 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UPS shares. Wolfe Research lowered their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective for the company. Oppenheimer decreased their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Trading Up 0.8%

Shares of UPS traded up $0.85 during trading hours on Friday, reaching $101.20. 6,309,373 shares of the company traded hands, compared to its average volume of 5,069,757. The firm has a market cap of $86.44 billion, a price-to-earnings ratio of 14.97, 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 $150.03. The stock's fifty day moving average price is $102.66 and its 200 day moving average price is $117.95. 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 (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations 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 previous year, the company earned $1.43 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's payout ratio is currently 95.63%.

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.