Capital World Investors Purchases 680 Shares of United Parcel Service, Inc. (NYSE:UPS)

Capital World Investors raised its position in United Parcel Service, Inc. (NYSE:UPS) by 0.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,144,910 shares of the transportation company’s stock after buying an additional 680 shares during the period. Capital World Investors owned 0.37% of United Parcel Service worth $396,573,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UPS. Principal Financial Group Inc. boosted its position in United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service during the fourth quarter valued at about $461,000. Synovus Financial Corp grew its position in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares during the period. HF Advisory Group LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its position in United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after acquiring an additional 28,108 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.3 %

NYSE UPS opened at $96.34 on Friday. 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 stock’s 50-day simple moving average is $110.40 and its two-hundred day simple moving average is $122.66. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The company has a market capitalization of $82.29 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released 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 return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the business posted $2.47 earnings per share. 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 given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPS. Citigroup decreased their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus lowered their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company cut their price target on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Loop Capital lowered their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Wolfe Research dropped their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $129.70.

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.