E Fund Management Co. Ltd. Acquires Shares of 1,810 United Parcel Service, Inc. (NYSE:UPS)

E Fund Management Co. Ltd. bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,810 shares of the transportation company’s stock, valued at approximately $228,000.

A number of other large investors have also modified their holdings of the stock. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC lifted its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at $34,000. FSA Wealth Management LLC acquired a new stake in United Parcel Service during the 3rd quarter valued at $36,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in United Parcel Service during the 4th quarter worth $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Raymond James reduced their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

United Parcel Service Trading Up 0.9 %

United Parcel Service stock opened at $121.59 on Monday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $103.85 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94. The firm has a 50-day moving average price of $121.73 and a two-hundred day moving average price of $127.77.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 previous year, the company posted $2.47 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was 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 currently 97.04%.

United Parcel Service Company 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.