125,260 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 125,260 shares of the transportation company’s stock, valued at approximately $15,795,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. grew its stake in shares of United Parcel Service by 52.8% during the 4th quarter. Rakuten Securities Inc. now owns 767 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 265 shares during the period. Essential Planning LLC. bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $514,000. Truvestments Capital LLC boosted its position in shares of United Parcel Service by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 22,330 shares of the transportation company’s stock worth $2,816,000 after purchasing an additional 1,038 shares during the period. Hopwood Financial Services Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth $35,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of United Parcel Service by 10.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,885 shares of the transportation company’s stock valued at $490,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UPS. Loop Capital dropped their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Morgan Stanley cut their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Truist Financial started coverage on United Parcel Service in a research note on Thursday. They set a “buy” rating and a $140.00 target price on the stock. 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, Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Down 0.2 %

Shares of UPS opened at $115.09 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a market cap of $98.30 billion, a PE ratio of 17.02, a P/E/G ratio of 1.55 and a beta of 0.94. The business has a fifty day moving average of $121.05 and a 200 day moving average of $127.47.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the firm posted $2.47 earnings per share. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.70%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is presently 97.04%.

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.