Allstate Corp Purchases 27,578 Shares of United Parcel Service, Inc. $UPS

Allstate Corp grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 106.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,556 shares of the transportation company’s stock after buying an additional 27,578 shares during the period. Allstate Corp’s holdings in United Parcel Service were worth $5,312,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Coston McIsaac & Partners raised its position in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $29,000. Physician Wealth Advisors Inc. raised its position in shares of United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares during the last quarter. Winch Advisory Services LLC raised its position in shares of United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of United Parcel Service by 144.3% during the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after buying an additional 241 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Oppenheimer upped their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Jefferies Financial Group increased their price target on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Susquehanna increased their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Performance

NYSE:UPS opened at $102.01 on Wednesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. 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 capitalization of $86.71 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.06. The firm has a 50-day moving average price of $100.50 and a 200 day moving average price of $102.90.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

United Parcel Service Company 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.