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

Fisher Funds Management LTD acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 34,731 shares of the transportation company’s stock, valued at approximately $4,366,000.

Other large investors have also recently made changes to their positions in the company. Richardson Capital Management LLC purchased a new position in United Parcel Service during the 4th quarter valued at approximately $44,000. Sigma Planning Corp raised its holdings in shares of United Parcel Service by 8.1% during the 4th quarter. Sigma Planning Corp now owns 13,878 shares of the transportation company’s stock worth $1,750,000 after acquiring an additional 1,034 shares in the last quarter. Redmond Asset Management LLC boosted its position in shares of United Parcel Service by 74.6% during the 4th quarter. Redmond Asset Management LLC now owns 30,598 shares of the transportation company’s stock valued at $3,858,000 after acquiring an additional 13,077 shares during the last quarter. SAM Advisors LLC grew its holdings in shares of United Parcel Service by 9.7% in the fourth quarter. SAM Advisors LLC now owns 22,891 shares of the transportation company’s stock valued at $2,886,000 after purchasing an additional 2,032 shares in the last quarter. Finally, Winebrenner Capital Management LLC bought a new stake in United Parcel Service in the fourth quarter worth $257,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

UPS stock opened at $116.35 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The business has a 50-day moving average price of $123.21 and a 200 day moving average price of $128.39. The company has a market capitalization of $99.38 billion, a P/E ratio of 17.21, a PEG ratio of 1.55 and a beta of 0.98.

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 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 in the previous year, the business posted $2.47 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.64%. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research reports. Loop Capital lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Citigroup decreased their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Susquehanna lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.