Fisher Asset Management LLC Has $16.92 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Fisher Asset Management LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,070 shares of the transportation company’s stock after purchasing an additional 5,956 shares during the quarter. Fisher Asset Management LLC’s holdings in United Parcel Service were worth $16,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. iA Global Asset Management Inc. lifted its holdings in United Parcel Service by 23.8% in the 1st quarter. iA Global Asset Management Inc. now owns 11,245 shares of the transportation company’s stock worth $1,671,000 after purchasing an additional 2,164 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of United Parcel Service by 978.3% in the first quarter. Plato Investment Management Ltd now owns 2,437 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 2,211 shares during the period. LRI Investments LLC acquired a new stake in shares of United Parcel Service in the first quarter worth $54,000. Swedbank AB bought a new stake in shares of United Parcel Service during the 1st quarter worth $42,075,000. Finally, Cetera Investment Advisers grew its stake in United Parcel Service by 359.7% in the 1st quarter. Cetera Investment Advisers now owns 310,451 shares of the transportation company’s stock valued at $46,142,000 after buying an additional 242,915 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UPS shares. Stifel Nicolaus upped their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. The Goldman Sachs Group reduced their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Citigroup dropped their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

NYSE:UPS opened at $135.69 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $115.79 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company’s 50-day moving average price is $133.34 and its two-hundred day moving average price is $133.96.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the company earned $1.57 EPS. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio is 98.49%.

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.