Assetmark Inc. Has $9.81 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Assetmark Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,360 shares of the transportation company’s stock after buying an additional 10,467 shares during the period. Assetmark Inc.’s holdings in United Parcel Service were worth $9,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Norges Bank acquired a new stake in United Parcel Service during the fourth quarter worth approximately $1,128,322,000. Wellington Management Group LLP boosted its holdings in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in United Parcel Service by 36.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after acquiring an additional 541,163 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.0 %

UPS stock opened at $143.75 on Thursday. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm has a market cap of $122.99 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The business has a 50 day moving average of $148.44 and a 200 day moving average of $150.90.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.54%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPS. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. BMO Capital Markets raised their target price on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Stifel Nicolaus dropped their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $165.23.

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.