TrueMark Investments LLC Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

TrueMark Investments LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,895 shares of the transportation company’s stock after buying an additional 3,132 shares during the quarter. United Parcel Service makes up approximately 1.5% of TrueMark Investments LLC’s portfolio, making the stock its 24th largest holding. TrueMark Investments LLC’s holdings in United Parcel Service were worth $4,652,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Raymond James Financial Inc. purchased a new position in United Parcel Service during the 4th quarter worth approximately $393,680,000. Two Sigma Advisers LP grew its position in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after acquiring an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 6.1% in the 4th 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 last quarter. Finally, Amundi boosted its stake in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 5.0 %

NYSE:UPS opened at $110.01 on Wednesday. The company has a market capitalization of $93.97 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $157.99. The stock has a fifty day simple moving average of $119.63 and a 200-day simple moving average of $126.79. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 prior year, the firm earned $2.47 EPS. On average, equities research 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Evercore ISI increased their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Bank of America dropped their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.91.

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.