Pacer Advisors Inc. Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Pacer Advisors Inc. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,920 shares of the transportation company’s stock after purchasing an additional 37,340 shares during the quarter. Pacer Advisors Inc.’s holdings in United Parcel Service were worth $47,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after buying an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC lifted its position in United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after buying an additional 373,202 shares during the last quarter. International Assets Investment Management LLC lifted its position in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Finally, FMR LLC lifted its position in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $136.23 on Tuesday. The firm has a market capitalization of $116.26 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $128.95 and its two-hundred day moving average is $130.76.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.79%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Ratings Changes

A number of research firms have commented on UPS. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Susquehanna upped their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

About United Parcel Service

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.