Sava Infond d.o.o. Acquires Shares of 8,210 United Parcel Service, Inc. (NYSE:UPS)

Sava Infond d.o.o. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,210 shares of the transportation company’s stock, valued at approximately $1,035,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in United Parcel Service during the 4th quarter worth approximately $393,680,000. Two Sigma Advisers LP grew its position in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after buying an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after buying an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Finally, Amundi boosted its stake in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UPS shares. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group cut their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.91.

United Parcel Service Trading Up 0.9 %

Shares of UPS stock opened at $110.94 on Thursday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $154.29. The firm has a market capitalization of $94.76 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The stock has a fifty day moving average of $119.30 and a two-hundred day moving average of $126.68. 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 posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 period in the prior year, the company earned $2.47 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 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.