Swiss National Bank increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 2,921,677 shares of the transportation company’s stock after buying an additional 295,600 shares during the period. Swiss National Bank’s holdings in United Parcel Service were worth $348,118,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of UPS. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service in the third quarter valued at about $120,000. Resources Investment Advisors Inc. raised its stake in United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares during the last quarter. Choate Investment Advisors purchased a new stake in United Parcel Service in the second quarter valued at about $203,000. First Midwest Bank Trust Division purchased a new position in shares of United Parcel Service in the third quarter worth about $203,000. Finally, Brightworth purchased a new position in shares of United Parcel Service in the third quarter worth about $203,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
UPS has been the subject of several research analyst reports. Loop Capital raised their price objective on United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $135.00 in a research note on Monday, December 4th. Morgan Stanley raised their price objective on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Knight Equity restated a “buy” rating and issued a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, Oppenheimer restated a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.47.
Shares of United Parcel Service, Inc. (UPS) opened at $106.40 on Monday. The company has a market capitalization of $91,397.60, a PE ratio of 17.67, a P/E/G ratio of 1.59 and a beta of 0.91. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $135.53. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. United Parcel Service’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 59.07%.
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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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