United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,449 shares of the transportation company’s stock after buying an additional 16,181 shares during the period. Cibc World Markets Corp’s holdings in United Parcel Service were worth $14,558,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of United Parcel Service by 2.1% during 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. raised its stake in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC boosted its holdings in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. FMR LLC grew its stake 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. Finally, Amundi increased its holdings in shares of United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after buying an additional 1,277,328 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Susquehanna decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup lowered their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. Finally, Raymond James dropped their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Up 1.2 %

Shares of United Parcel Service stock opened at $118.13 on Tuesday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a 50 day moving average of $120.79 and a 200 day moving average of $127.32. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $100.91 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its 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 prior year, the company earned $2.47 earnings per share. As a group, research analysts forecast 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. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.55%. United Parcel Service’s payout ratio is presently 97.04%.

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.