MainStreet Investment Advisors LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 39,562 shares of the transportation company’s stock, valued at approximately $4,714,000.
Other hedge funds also recently added to or reduced their stakes in the company. Sawyer & Company Inc purchased a new stake in United Parcel Service during the fourth quarter valued at $2,779,000. Crossmark Global Holdings Inc. purchased a new stake in United Parcel Service during the third quarter valued at $8,978,000. BP PLC raised its stake in United Parcel Service by 47.3% during the third 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 stake in United Parcel Service by 4.3% during the third 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 stake in United Parcel Service by 7.6% during the second 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. 54.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $110.91 on Friday. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $135.53. The firm has a market cap of $94,536.18, a price-to-earnings ratio of 19.73, a PEG ratio of 1.64 and a beta of 1.06. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 19.69.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. sell-side analysts expect 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. Stockholders of record on Tuesday, February 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.28%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is currently 64.77%.
UPS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a research note on Thursday, February 22nd. Loop Capital upped their price target on shares of United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley upped their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Finally, Knight Equity reaffirmed a “buy” rating and set a $135.00 price target (down previously from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $125.21.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.59% of the company’s stock.
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About United Parcel Service
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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