United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 16.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,449 shares of the transportation company’s stock after purchasing an additional 16,181 shares during the quarter. Cibc World Markets Corp’s holdings in United Parcel Service were worth $14,558,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

UPS has been the topic of several research reports. JPMorgan Chase & Co. cut their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Loop Capital decreased their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $138.09.

United Parcel Service Trading Up 1.2 %

UPS stock opened at $118.13 on Tuesday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The business’s 50-day moving average is $120.79 and its 200 day moving average is $127.32. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $100.91 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the firm earned $2.47 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.55%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

United Parcel Service 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.