United Parcel Service, Inc. (UPS) Stake Lifted by Cibc World Markets Corp

Cibc World Markets Corp lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 35.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,334 shares of the transportation company’s stock after purchasing an additional 25,335 shares during the quarter. Cibc World Markets Corp’s holdings in United Parcel Service were worth $10,764,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in UPS. V Wealth Management LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at $102,000. First PREMIER Bank lifted its holdings in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new stake in shares of United Parcel Service in the first quarter valued at $126,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares during the period. 53.07% of the stock is owned by institutional investors.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

UPS has been the subject of several analyst reports. J P Morgan Chase & Co upped their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Loop Capital upped their target price on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 target price (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $120.74.

United Parcel Service, Inc. (NYSE:UPS) opened at $112.94 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. 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 $97,980.00, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting 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 company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the firm posted $1.44 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, November 10th. United Parcel Service’s payout ratio is currently 81.57%.

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About United Parcel Service

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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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