Quest Partners LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Quest Partners LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 3,674 shares of the transportation company’s stock, valued at approximately $578,000.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after buying an additional 628,944 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares during the last quarter. Northern Trust Corp boosted its position in shares of United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after acquiring an additional 31,533 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $1,128,322,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America raised their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, Raymond James cut their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $165.23.

Read Our Latest Stock Analysis on UPS

United Parcel Service Stock Down 1.1 %

UPS stock opened at $143.77 on Thursday. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $123.00 billion, a P/E ratio of 20.84, a PEG ratio of 1.84 and a beta of 1.05. The firm has a 50 day simple moving average of $148.44 and a 200-day simple moving average of $150.90.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is presently 94.49%.

United Parcel Service Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPSFree Report).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.