United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,739 shares of the transportation company’s stock after purchasing an additional 565 shares during the period. Vise Technologies Inc.’s holdings in United Parcel Service were worth $1,732,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Finally, FMR LLC increased its holdings in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. UBS Group lowered their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 target price on the stock. Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Trading Down 1.6%

Shares of UPS opened at $95.39 on Friday. The business’s 50-day moving average price is $100.37 and its 200 day moving average price is $116.45. The stock has a market capitalization of $80.77 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.88%. United Parcel Service’s payout ratio is presently 95.63%.

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.