WCM Investment Management LLC Buys 26,534 Shares of United Parcel Service, Inc. (NYSE:UPS)

WCM Investment Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 239.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,632 shares of the transportation company’s stock after acquiring an additional 26,534 shares during the quarter. WCM Investment Management LLC’s holdings in United Parcel Service were worth $4,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB grew its position in United Parcel Service by 39.7% during the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after acquiring an additional 30,815 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of United Parcel Service by 16.3% during the 3rd quarter. Wedmont Private Capital now owns 2,407 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 338 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in United Parcel Service by 257.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,235 shares of the transportation company’s stock worth $714,000 after purchasing an additional 3,769 shares during the period. Brown Miller Wealth Management LLC lifted its stake in United Parcel Service by 7.5% in the third quarter. Brown Miller Wealth Management LLC now owns 10,916 shares of the transportation company’s stock worth $1,488,000 after purchasing an additional 757 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in United Parcel Service by 2,441.5% during the third quarter. Exchange Traded Concepts LLC now owns 8,641 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 8,301 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UPS shares. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Bank of America decreased their target price on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Loop Capital decreased their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Down 0.2 %

Shares of United Parcel Service stock opened at $113.20 on Monday. The firm has a market cap of $96.60 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98. 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 company has a 50-day moving average of $125.95 and a 200 day moving average of $129.25.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 prior year, the company posted $2.47 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared 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. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.80%. United Parcel Service’s payout ratio is presently 96.45%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

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.