First Fiduciary Investment Counsel Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,956 shares of the transportation company’s stock after selling 7,310 shares during the quarter. United Parcel Service accounts for about 2.2% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 27th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in United Parcel Service were worth $11,910,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in the company. Delek Group Ltd. acquired a new position in United Parcel Service during the fourth quarter worth $431,000. Sawtooth Solutions LLC boosted its holdings in United Parcel Service by 145.1% during the fourth quarter. Sawtooth Solutions LLC now owns 20,349 shares of the transportation company’s stock worth $2,424,000 after purchasing an additional 12,048 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in United Parcel Service by 48.1% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 38,790 shares of the transportation company’s stock worth $4,622,000 after purchasing an additional 12,600 shares during the last quarter. Fore Capital LLC acquired a new position in United Parcel Service during the fourth quarter worth $477,000. Finally, Slow Capital Inc. acquired a new position in United Parcel Service during the fourth quarter worth $700,000. Institutional investors own 54.03% of the company’s stock.
Several research analysts recently commented on the stock. Loop Capital increased their target price on shares of United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Stifel Nicolaus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and reduced their target price for the stock from $127.00 to $121.00 in a report on Tuesday, March 6th. Knight Equity cut shares of United Parcel Service from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $115.00 in a report on Thursday, February 22nd. Finally, Deutsche Bank cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price for the company. in a report on Thursday, February 22nd. 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. The company has a consensus rating of “Hold” and a consensus price target of $125.21.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.
Shares of United Parcel Service stock opened at $107.65 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53. The stock has a market cap of $93,450.54, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. equities analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 3.38%. United Parcel Service’s dividend payout ratio is presently 64.77%.
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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