Northwestern Mutual Wealth Management Co. Grows Position in United Parcel Service, Inc. $UPS

Northwestern Mutual Wealth Management Co. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 101.2% in the 4th quarter, HoldingsChannel reports. The fund owned 105,291 shares of the transportation company’s stock after acquiring an additional 52,954 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in United Parcel Service were worth $10,444,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after purchasing an additional 1,218,432 shares during the last quarter. State Street Corp grew its holdings in United Parcel Service by 0.9% in the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock valued at $2,594,713,000 after purchasing an additional 288,720 shares during the last quarter. Victory Capital Management Inc. grew its holdings in 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 valued at $667,109,000 after purchasing an additional 761,217 shares during the last quarter. Invesco Ltd. grew its holdings in United Parcel Service by 17.3% in the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock valued at $561,678,000 after purchasing an additional 993,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in United Parcel Service by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company’s stock valued at $423,746,000 after purchasing an additional 486,384 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6%

UPS opened at $98.27 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The firm has a market cap of $83.53 billion, a P/E ratio of 15.90, a PEG ratio of 1.57 and a beta of 1.06. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The business’s fifty day simple moving average is $100.33 and its 200 day simple moving average is $102.73.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UPS. Wells Fargo & Company upped their target price on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Oppenheimer upped their target price on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their target price on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Citigroup upped their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.87.

United Parcel Service Profile

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.