Oppenheimer & Co. Inc. Has $7.21 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Oppenheimer & Co. Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 57,166 shares of the transportation company’s stock after selling 2,602 shares during the period. Oppenheimer & Co. Inc.’s holdings in United Parcel Service were worth $7,209,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UPS. State Street Corp raised its holdings in United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares in the last quarter. FMR LLC lifted its position in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after purchasing an additional 380,229 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in United Parcel Service by 6.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock worth $632,518,000 after buying an additional 292,777 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.6 %

Shares of NYSE UPS opened at $117.61 on Friday. 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 $122.54 and a two-hundred day moving average of $128.11. The company has a market cap of $100.46 billion, a PE ratio of 17.40, a P/E/G ratio of 1.55 and a beta of 0.98. 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 posted its quarterly earnings data 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 net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm posted $2.47 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 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. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Loop Capital dropped 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 note on Monday, February 3rd. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. UBS Group cut their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Citigroup lowered their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Susquehanna cut their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price 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.