Edgemoor Investment Advisors Inc. Has $11.04 Million Position in United Parcel Service, Inc. (UPS)

Edgemoor Investment Advisors Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,080 shares of the transportation company’s stock after selling 2,580 shares during the period. United Parcel Service comprises 1.4% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 25th biggest holding. Edgemoor Investment Advisors Inc.’s holdings in United Parcel Service were worth $11,040,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in United Parcel Service during the 3rd quarter valued at about $120,000. Resources Investment Advisors Inc. grew its holdings in United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 418 shares during the last quarter. Choate Investment Advisors bought a new position in United Parcel Service during the 2nd quarter valued at about $203,000. First Midwest Bank Trust Division bought a new position in United Parcel Service during the 3rd quarter valued at about $203,000. Finally, Brightworth bought a new position in United Parcel Service during the 3rd quarter valued at about $203,000. Institutional investors own 53.33% of the company’s stock.

A number of equities analysts have commented on the stock. Deutsche Bank restated a “buy” rating and issued a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Robert W. Baird restated a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a research note on Tuesday, January 9th. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Knight Equity restated a “buy” rating and issued a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $126.47.

Shares of United Parcel Service, Inc. (UPS) opened at $106.40 on Tuesday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $135.53. The firm has a market cap of $91,690.00, a P/E ratio of 18.97, a PEG ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. research analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is presently 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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