Commerzbank Aktiengesellschaft FI raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,427 shares of the transportation company’s stock after purchasing an additional 12,393 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in United Parcel Service were worth $8,272,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Partnervest Advisory Services LLC grew its stake in shares of United Parcel Service by 10.5% during the 2nd quarter. Partnervest Advisory Services LLC now owns 4,222 shares of the transportation company’s stock worth $467,000 after acquiring an additional 400 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of United Parcel Service by 23.0% in the 2nd quarter. First Trust Advisors LP now owns 525,115 shares of the transportation company’s stock valued at $58,072,000 after buying an additional 98,348 shares during the last quarter. Biltmore Wealth Management LLC boosted its holdings in shares of United Parcel Service by 3.8% in the 2nd quarter. Biltmore Wealth Management LLC now owns 6,690 shares of the transportation company’s stock valued at $740,000 after buying an additional 248 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of United Parcel Service by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 1,109,371 shares of the transportation company’s stock valued at $122,685,000 after buying an additional 17,509 shares during the last quarter. Finally, Traynor Capital Management Inc. boosted its holdings in shares of United Parcel Service by 9.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 7,042 shares of the transportation company’s stock valued at $760,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 53.51% of the company’s stock.
Several research firms have recently commented on UPS. Morgan Stanley increased their price objective on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. BMO Capital Markets lifted their target price on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 target price for the company in a report on Thursday, February 1st. Credit Suisse Group reissued a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a report on Wednesday, January 17th. Finally, Robert W. Baird restated a “hold” rating and issued a $130.00 price target on shares of United Parcel Service in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $126.47.
Shares of United Parcel Service, Inc. (NYSE UPS) traded down $2.89 on Friday, reaching $106.39. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $135.53. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. The firm has a market cap of $91,680.00, a price-to-earnings ratio of 18.96, a PEG ratio of 1.59 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year. research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. United Parcel Service’s payout ratio is currently 59.18%.
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United Parcel Service 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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