Lindbrook Capital LLC Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Lindbrook Capital LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,269 shares of the transportation company’s stock after purchasing an additional 478 shares during the period. Lindbrook Capital LLC’s holdings in United Parcel Service were worth $412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after buying an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 6.1% in 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 acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares in the last quarter. FMR LLC lifted its stake in United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after purchasing an additional 380,229 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in United Parcel Service by 6.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock worth $632,518,000 after purchasing an additional 292,777 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $120.42 on Friday. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The company has a 50-day moving average price of $121.82 and a 200 day moving average price of $127.83. The company has a market cap of $102.86 billion, a P/E ratio of 17.81, a PEG ratio of 1.55 and a beta of 0.98. 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 released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $2.47 earnings per share. Research analysts predict 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. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.45%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UPS. Raymond James cut their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital reduced 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

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.