Fisher Funds Management LTD Invests $4.37 Million in United Parcel Service, Inc. (NYSE:UPS)

Fisher Funds Management LTD bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, HoldingsChannel reports. The fund bought 34,731 shares of the transportation company’s stock, valued at approximately $4,366,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC increased 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. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% in 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 during the last quarter. Princeton Global Asset Management LLC grew its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. FSA Wealth Management LLC purchased a new position in shares of United Parcel Service during the 3rd quarter valued at about $36,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Evercore ISI raised their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group dropped their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Trading Down 0.2 %

Shares of UPS opened at $116.35 on Monday. 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 cap of $99.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The firm’s fifty day moving average is $123.21 and its two-hundred day moving average is $128.39. 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 announced its quarterly earnings data 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 in the previous year, the firm posted $2.47 earnings per share. Research analysts forecast 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 will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is 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 currently 97.04%.

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.