By otakuyassine3@gmail.com 
Mediolanum International Funds Ltd lifted its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,427 shares of the transportation company’s stock after purchasing an additional 5,606 shares during the period. Mediolanum International Funds Ltd’s holdings in United Parcel Service were worth $3,929,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its stake in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC raised its holdings in United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares during the period. 60.26% of the stock is currently owned by institutional investors.
Insider Buying and Selling at United Parcel Service
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.
United Parcel Service Stock Performance
Shares of UPS opened at $114.19 on Friday. The company has a market cap of $97.45 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The firm has a 50-day moving average of $128.31 and a 200-day moving average of $130.40. United Parcel Service, Inc. has a one year low of $109.62 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the prior year, the firm earned $2.47 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.
United Parcel Service Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. The Goldman Sachs Group reduced their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley lowered their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday. Bank of America cut their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.95.
Get Our Latest Research Report on UPS
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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