Checchi Capital Advisers LLC Purchases 166 Shares of United Parcel Service, Inc. (NYSE:UPS)

Checchi Capital Advisers LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,455 shares of the transportation company’s stock after buying an additional 166 shares during the period. Checchi Capital Advisers LLC’s holdings in United Parcel Service were worth $688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. Two Sigma Advisers LP raised its holdings in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.4% during 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 during the last quarter. Nordea Investment Management AB raised its holdings in shares of United Parcel Service by 30.7% during the fourth quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock valued at $367,300,000 after purchasing an additional 685,259 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

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. The firm has a fifty day moving average price of $122.64 and a 200 day moving average price of $128.19. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The firm has a market cap of $99.79 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its 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 net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the business earned $2.47 earnings per share. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.61%. United Parcel Service’s dividend payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Citigroup reduced their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley reduced their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $140.73.

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.