Pettyjohn Wood & White Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,102 shares of the transportation company’s stock after selling 1,225 shares during the period. Pettyjohn Wood & White Inc.’s holdings in United Parcel Service were worth $1,561,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Riverhead Capital Management LLC lifted its position in shares of United Parcel Service by 0.4% during the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after purchasing an additional 44 shares in the last quarter. Flinton Capital Management LLC raised its position in United Parcel Service by 0.9% in the second quarter. Flinton Capital Management LLC now owns 12,012 shares of the transportation company’s stock worth $1,328,000 after acquiring an additional 112 shares during the period. Nicholas Hoffman & Company LLC. raised its position in United Parcel Service by 1.0% in the second quarter. Nicholas Hoffman & Company LLC. now owns 12,195 shares of the transportation company’s stock worth $1,349,000 after acquiring an additional 118 shares during the period. PagnatoKarp Partners LLC increased its stake in shares of United Parcel Service by 2.7% in the second quarter. PagnatoKarp Partners LLC now owns 4,706 shares of the transportation company’s stock worth $520,000 after purchasing an additional 124 shares in the last quarter. Finally, Verity Asset Management Inc. increased its stake in shares of United Parcel Service by 6.5% in the second quarter. Verity Asset Management Inc. now owns 2,140 shares of the transportation company’s stock worth $237,000 after purchasing an additional 130 shares in the last quarter. 54.10% of the stock is owned by institutional investors and hedge funds.
United Parcel Service, Inc. (NYSE:UPS) traded down $0.57 during mid-day trading on Wednesday, hitting $108.76. The company had a trading volume of 2,309,604 shares, compared to its average volume of 5,265,052. 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 1.22. The company has a market capitalization of $93,710.00, a P/E ratio of 20.48, a P/E/G ratio of 1.63 and a beta of 1.06.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th were 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 was Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.35%. United Parcel Service’s payout ratio is 68.55%.
UPS has been the subject of several recent analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $145.00 price objective (up previously 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 price objective on shares of United Parcel Service in a report on Tuesday, January 9th. Knight Equity reiterated a “buy” rating and set a $135.00 price target (down from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective on the stock in a research report on Tuesday, December 26th. Finally, Morgan Stanley upped their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.21.
In related news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.59% of the company’s stock.
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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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