United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,547 shares of the transportation company’s stock after selling 5,324 shares during the quarter. Mackenzie Financial Corp’s holdings in United Parcel Service were worth $9,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in United Parcel Service during the third quarter worth approximately $25,000. IMA Wealth Inc. grew its position in shares of United Parcel Service by 100.0% during the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Pacific Center for Financial Services purchased a new position in shares of United Parcel Service during the first quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Finally, Worth Asset Management LLC purchased a new position in shares of United Parcel Service during the first quarter worth approximately $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UPS shares. Morgan Stanley raised their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Barclays lowered their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Raymond James lowered their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. Finally, Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $170.00 in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $165.61.

United Parcel Service Trading Up 0.0 %

NYSE:UPS opened at $142.77 on Friday. The company has a market capitalization of $121.73 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $197.80. The stock has a fifty day simple moving average of $149.48 and a 200-day simple moving average of $151.19.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.62 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 83.70%.

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.