American Century Companies Inc. Has $499.23 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

American Century Companies Inc. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,959,004 shares of the transportation company’s stock after selling 74,844 shares during the quarter. American Century Companies Inc. owned 0.46% of United Parcel Service worth $499,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Plancorp LLC grew its holdings in shares of United Parcel Service by 21.3% during the 4th quarter. Plancorp LLC now owns 2,387 shares of the transportation company’s stock worth $301,000 after purchasing an additional 419 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth $30,000. Mizuho Securities USA LLC grew its holdings in shares of United Parcel Service by 45.9% during the 4th quarter. Mizuho Securities USA LLC now owns 69,317 shares of the transportation company’s stock worth $8,741,000 after purchasing an additional 21,818 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth $6,434,000. Finally, Quantbot Technologies LP grew its holdings in shares of United Parcel Service by 382.8% during the 4th quarter. Quantbot Technologies LP now owns 68,310 shares of the transportation company’s stock worth $8,614,000 after purchasing an additional 54,161 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $115.25 on Friday. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $98.44 billion, a PE ratio of 17.05, a P/E/G ratio of 1.55 and a beta of 0.94. The stock has a 50-day moving average price of $120.13 and a two-hundred day moving average price of $127.02.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $2.47 earnings per share. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.69%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Analysts Set New Price Targets

Several analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Citigroup reduced 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. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.09.

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.