Sava Infond d.o.o. Takes $1.04 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Sava Infond d.o.o. purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,210 shares of the transportation company’s stock, valued at approximately $1,035,000.

Several other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in United Parcel Service by 5.0% in the 3rd quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock valued at $16,916,000 after acquiring an additional 5,956 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of United Parcel Service by 58.6% in the third quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock valued at $13,322,000 after purchasing an additional 36,091 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of United Parcel Service by 3.1% in the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock valued at $79,995,000 after purchasing an additional 17,378 shares during the last quarter. FMR LLC increased its stake in shares of United Parcel Service by 3.7% during the 3rd 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of United Parcel Service during the 3rd quarter worth approximately $336,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UPS. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Bank of America cut their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Susquehanna decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.91.

United Parcel Service Trading Up 0.9 %

Shares of UPS stock opened at $110.94 on Thursday. 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, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $154.29. The firm’s 50 day moving average price is $119.30 and its two-hundred day moving average price is $126.68. The stock has a market cap of $94.76 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 last year, the business posted $2.47 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced 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. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.91%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.