New York Life Investment Management LLC Purchases 521 Shares of United Parcel Service, Inc. (NYSE:UPS)

New York Life Investment Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,894 shares of the transportation company’s stock after purchasing an additional 521 shares during the quarter. New York Life Investment Management LLC’s holdings in United Parcel Service were worth $13,732,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cigna Investments Inc. New increased its position in United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares during the period. Pacific Sage Partners LLC boosted its holdings in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. increased its holdings in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares during the period. Quent Capital LLC raised its position in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after buying an additional 80 shares during the last quarter. Finally, Tradewinds LLC. grew its position in United Parcel Service by 1.8% during the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 0.6 %

NYSE UPS opened at $117.61 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The stock has a market capitalization of $100.46 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The stock has a fifty day moving average of $122.54 and a 200-day moving average of $128.11.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 firm posted $2.47 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given 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 is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.58%. United Parcel Service’s payout ratio is presently 97.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on UPS shares. Evercore ISI lifted their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley cut their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Company 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.