Heritage Investors Management Corp Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Heritage Investors Management Corp lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 82,448 shares of the transportation company’s stock after acquiring an additional 507 shares during the period. Heritage Investors Management Corp’s holdings in United Parcel Service were worth $10,397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in 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 worth $4,035,313,000 after buying an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after acquiring an additional 1,320,921 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the period. FMR LLC boosted its position in shares of United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after acquiring an additional 380,229 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in United Parcel Service by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock valued at $632,518,000 after purchasing an additional 292,777 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group lowered their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Bank of America cut their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Down 1.1 %

Shares of NYSE UPS opened at $116.83 on Thursday. 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 1 year low of $109.40 and a 1 year high of $158.95. The stock’s 50-day simple moving average is $122.64 and its 200-day simple moving average is $128.19. The firm has a market cap of $99.79 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm posted $2.47 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.61%. United Parcel Service’s dividend payout ratio is currently 97.04%.

United Parcel Service 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.