The Manufacturers Life Insurance Company increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 606,895 shares of the transportation company's stock after purchasing an additional 20,160 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of United Parcel Service worth $76,529,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. IFS Advisors LLC grew its position in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in United Parcel Service in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.
United Parcel Service Stock Performance
United Parcel Service stock traded down $0.66 during trading hours on Thursday, reaching $94.64. 7,498,333 shares of the stock were exchanged, compared to its average volume of 4,934,229. The stock has a market cap of $80.84 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.55 and a beta of 1.10. The firm's 50 day moving average is $107.40 and its 200 day moving average is $120.79. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate 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 revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.93%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is 97.04%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $160.00 to $130.00 in a report on Friday, January 31st. Citigroup decreased their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Finally, Baird R W cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $120.87.
Check Out Our Latest Analysis on United Parcel Service
About United Parcel Service
(
Free Report)
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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