United Parcel Service, Inc. $UPS Shares Bought by Auto Owners Insurance Co

Auto Owners Insurance Co boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9,819.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,220,037 shares of the transportation company’s stock after acquiring an additional 1,207,737 shares during the quarter. Auto Owners Insurance Co’s holdings in United Parcel Service were worth $122,004,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners increased its position in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in United Parcel Service during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UPS shares. Susquehanna upped their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Evercore reduced their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup increased their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group reduced their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Trading Up 0.4%

Shares of NYSE UPS opened at $105.29 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 stock’s 50 day moving average price is $104.09 and its two-hundred day moving average price is $104.47. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The stock has a market capitalization of $89.50 billion, a P/E ratio of 17.04, a PEG ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.49 EPS. On average, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

About United Parcel Service

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.