AGF Management Ltd. Has $3.02 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

AGF Management Ltd. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 354.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,965 shares of the transportation company’s stock after purchasing an additional 18,693 shares during the quarter. AGF Management Ltd.’s holdings in United Parcel Service were worth $3,022,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UPS. IFS Advisors LLC boosted its stake in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter worth approximately $34,000. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the third quarter worth approximately $36,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of United Parcel Service in the fourth quarter worth approximately $38,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. Susquehanna cut their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Citigroup cut their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research note on Friday, March 7th. They issued 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 assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Trading Down 1.0 %

NYSE UPS opened at $115.17 on Thursday. The company has a market cap of $98.37 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The business has a 50 day moving average price of $121.23 and a 200-day moving average price of $127.55. 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 (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 business earned $2.47 earnings per share. As a group, equities 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 declared 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 annualized dividend and a yield of 5.70%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 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.