Elkhorn Investments LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,786 shares of the transportation company’s stock after acquiring an additional 1,248 shares during the quarter. United Parcel Service accounts for 1.1% of Elkhorn Investments LLC’s portfolio, making the stock its 16th biggest holding. Elkhorn Investments LLC’s holdings in United Parcel Service were worth $1,433,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sawyer & Company Inc bought a new stake in United Parcel Service during the 4th quarter valued at $2,779,000. Crossmark Global Holdings Inc. bought a new stake in United Parcel Service during the 3rd quarter valued at $8,978,000. BP PLC raised its position in United Parcel Service by 47.3% during the 3rd quarter. BP PLC now owns 81,000 shares of the transportation company’s stock valued at $9,726,000 after purchasing an additional 26,000 shares in the last quarter. Stifel Financial Corp raised its position in United Parcel Service by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 604,567 shares of the transportation company’s stock valued at $72,523,000 after purchasing an additional 24,867 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in United Parcel Service by 7.6% during the 2nd quarter. Employees Retirement System of Texas now owns 85,000 shares of the transportation company’s stock valued at $9,400,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 54.10% of the company’s stock.
A number of equities research analysts have weighed in on UPS shares. Deutsche Bank reaffirmed a “buy” rating and set a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Robert W. Baird reaffirmed a “hold” rating and set a $130.00 target price on shares of United Parcel Service in a research report on Tuesday, January 9th. Knight Equity reaffirmed a “buy” rating and set a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price for the company in a research report on Tuesday, December 26th. Finally, Morgan Stanley lifted their target price on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $125.21.
United Parcel Service, Inc. (NYSE UPS) opened at $108.76 on Thursday. The company has a market capitalization of $94,200.15, a price-to-earnings ratio of 18.16, a PEG ratio of 1.63 and a beta of 1.06. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion during 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%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. research analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.35%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is presently 64.77%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.
United Parcel Service Company 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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