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

Capital World Investors boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 0.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,144,910 shares of the transportation company’s stock after acquiring an additional 680 shares during the period. Capital World Investors’ holdings in United Parcel Service were worth $396,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in United Parcel Service by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,623,209 shares of the transportation company’s stock valued at $456,870,000 after purchasing an additional 200,169 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of United Parcel Service by 3.9% during the fourth quarter. First Trust Advisors LP now owns 1,767,781 shares of the transportation company’s stock valued at $222,917,000 after acquiring an additional 66,917 shares in the last quarter. Forum Financial Management LP boosted its holdings in United Parcel Service by 40.5% in the fourth quarter. Forum Financial Management LP now owns 4,242 shares of the transportation company’s stock valued at $535,000 after acquiring an additional 1,223 shares in the last quarter. Freedom Investment Management Inc. increased its position in United Parcel Service by 77.8% during the 4th quarter. Freedom Investment Management Inc. now owns 6,568 shares of the transportation company’s stock valued at $828,000 after purchasing an additional 2,874 shares during the period. Finally, Generation Capital Management LLC bought a new position in United Parcel Service in the 4th quarter worth $367,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Truist Financial initiated coverage on United Parcel Service in a research report on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price for the company. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America lowered their price objective on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.70.

United Parcel Service Stock Up 2.3 %

UPS stock opened at $96.34 on Friday. The business’s 50-day moving average is $110.40 and its two-hundred day moving average is $122.66. The company has a market cap of $82.29 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. 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 (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 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.