Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Invests $10.67 Million in United Parcel Service, Inc. (NYSE:UPS)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,574 shares of the transportation company’s stock, valued at approximately $10,665,000. United Parcel Service makes up about 8.2% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.’s holdings, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in United Parcel Service in the 4th quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $393,680,000. Two Sigma Advisers LP boosted its holdings in shares of United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after buying an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp boosted its stake in United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after acquiring an additional 1,378,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $111.05 on Friday. The stock has a market cap of $94.85 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.55 and a beta of 0.94. The stock’s 50-day moving average is $118.92 and its 200 day moving average is $126.58. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $154.29.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $2.47 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.91%. United Parcel Service’s payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

UPS has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Morgan Stanley reduced their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a report on Wednesday, January 8th. Citigroup decreased their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target on the stock. Two research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

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.