Stewart & Patten Co. LLC Has $11.50 Million Stake in United Parcel Service, Inc. (UPS)

Stewart & Patten Co. LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,759 shares of the transportation company’s stock after purchasing an additional 5,530 shares during the quarter. United Parcel Service makes up approximately 2.1% of Stewart & Patten Co. LLC’s portfolio, making the stock its 22nd biggest position. Stewart & Patten Co. LLC’s holdings in United Parcel Service were worth $11,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UPS. United Services Automobile Association lifted its stake in United Parcel Service by 1.4% in the first quarter. United Services Automobile Association now owns 1,293,554 shares of the transportation company’s stock worth $138,798,000 after acquiring an additional 17,370 shares during the period. CFO4Life Group LLC purchased a new stake in United Parcel Service in the first quarter worth $32,657,000. Gofen & Glossberg LLC IL lifted its stake in United Parcel Service by 0.5% in the first quarter. Gofen & Glossberg LLC IL now owns 21,268 shares of the transportation company’s stock worth $2,282,000 after acquiring an additional 100 shares during the period. Principal Financial Group Inc. lifted its stake in United Parcel Service by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,025,918 shares of the transportation company’s stock worth $110,081,000 after acquiring an additional 31,304 shares during the period. Finally, Wellington Management Group LLP lifted its stake in United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after acquiring an additional 1,117,802 shares during the period. 53.67% of the stock is owned by institutional investors.

United Parcel Service, Inc. (NYSE UPS) opened at $118.00 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $100,684.53, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $125.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. equities analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.81%. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

A number of analysts recently commented on UPS shares. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $124.00 price target (up previously from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $121.45.

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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.

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

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