Exencial Wealth Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,831 shares of the transportation company’s stock after buying an additional 1,373 shares during the period. United Parcel Service makes up about 1.8% of Exencial Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Exencial Wealth Advisors LLC’s holdings in United Parcel Service were worth $4,516,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. IFM Investors Pty Ltd acquired a new position in United Parcel Service during the second quarter valued at $2,087,000. Sheaff Brock Investment Advisors LLC raised its position in United Parcel Service by 8.1% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 98,551 shares of the transportation company’s stock valued at $10,899,000 after buying an additional 7,384 shares during the period. Dearborn Partners LLC raised its position in United Parcel Service by 4.1% during the second quarter. Dearborn Partners LLC now owns 206,672 shares of the transportation company’s stock valued at $22,856,000 after buying an additional 8,148 shares during the period. Ffcm LLC raised its position in United Parcel Service by 5.5% during the second quarter. Ffcm LLC now owns 40,516 shares of the transportation company’s stock valued at $4,481,000 after buying an additional 2,103 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in United Parcel Service by 12.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 319,069 shares of the transportation company’s stock valued at $35,286,000 after buying an additional 35,776 shares during the period. 53.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Parcel Service, Inc. (NYSE UPS) opened at $113.23 on Monday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $121.75. The firm has a market capitalization of $97,573.69, a P/E ratio of 18.93, a P/E/G ratio of 2.04 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.93%. United Parcel Service’s payout ratio is 81.37%.
Several research analysts have weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a research report on Monday, November 6th. Goldman Sachs Group, Inc. (The) assumed coverage on United Parcel Service in a research report on Monday. They issued a “conviction-buy” rating and a $113.23 target price on the stock. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, BMO Capital Markets upped their target price on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus price target of $118.91.
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In related news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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