Allianz SE Invests $8.84 Million in United Parcel Service, Inc. (NYSE:UPS)

Allianz SE purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 70,119 shares of the transportation company’s stock, valued at approximately $8,838,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $26,000. True Wealth Design LLC raised its holdings in 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 acquiring an additional 171 shares in the last quarter. IFS Advisors LLC boosted its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UPS shares. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Loop Capital reduced their target price on 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. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Truist Financial began coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $137.57.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $109.66 on Friday. The firm has a 50 day simple moving average of $118.52 and a 200 day simple moving average of $126.44. The company has a market cap of $93.66 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $154.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 last year, the company posted $2.47 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm 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 5.98%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

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.