Czech National Bank Has $19.33 Million Position in United Parcel Service, Inc. $UPS

Czech National Bank boosted its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,860 shares of the transportation company’s stock after buying an additional 7,920 shares during the quarter. Czech National Bank’s holdings in United Parcel Service were worth $19,328,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in United Parcel Service during the 2nd quarter worth approximately $851,842,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of United Parcel Service by 78.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after purchasing an additional 1,799,882 shares during the last quarter. Invesco Ltd. raised its holdings in shares of United Parcel Service by 45.4% in the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after purchasing an additional 1,789,467 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of United Parcel Service by 94.8% in the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after purchasing an additional 1,119,372 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after purchasing an additional 761,217 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UPS shares. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Citigroup cut their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Jefferies Financial Group raised their price objective on United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $113.67.

View Our Latest Stock Analysis on United Parcel Service

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 1.0%

Shares of NYSE:UPS opened at $97.43 on Friday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $82.73 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The company has a 50-day simple moving average of $108.41 and a 200 day simple moving average of $98.57.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. United Parcel Service’s payout ratio is presently 100.00%.

United Parcel Service Company Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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