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

Los Angeles Capital Management LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 134.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,148 shares of the transportation company’s stock after purchasing an additional 37,936 shares during the quarter. Los Angeles Capital Management LLC’s holdings in United Parcel Service were worth $8,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. IFS Advisors LLC lifted its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. Princeton Global Asset Management LLC boosted its position in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth $36,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on UPS. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Loop Capital reduced their price objective 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. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, UBS Group dropped their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Down 1.1 %

UPS stock opened at $116.83 on Thursday. The company has a 50 day moving average price of $122.64 and a two-hundred day moving average price of $128.19. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market capitalization of $99.79 billion, a P/E ratio of 17.28, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 prior year, the company earned $2.47 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 97.04%.

About United Parcel Service

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.