Lido Advisors LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,567 shares of the transportation company’s stock after acquiring an additional 732 shares during the period. Lido Advisors LLC’s holdings in United Parcel Service were worth $544,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new stake in United Parcel Service in the 4th quarter worth $106,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service during the third quarter valued at about $120,000. Resources Investment Advisors Inc. grew its position in United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after acquiring an additional 418 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in United Parcel Service in the fourth quarter worth about $195,000. Finally, First Midwest Bank Trust Division purchased a new position in United Parcel Service in the third quarter worth about $203,000. Hedge funds and other institutional investors own 54.03% of the company’s stock.
Shares of United Parcel Service, Inc. (UPS) traded down $0.61 during trading on Friday, reaching $103.84. 1,161,105 shares of the company’s stock traded hands, compared to its average volume of 4,997,635. The stock has a market cap of $92,752.64, a P/E ratio of 18.43, a P/E/G ratio of 1.61 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 52 week low of $102.12 and a 52 week high of $135.53.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 earnings per share. sell-side analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The company 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s payout ratio is currently 64.77%.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.
Several brokerages have issued reports on UPS. Loop Capital raised their price objective on shares of United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Stifel Nicolaus raised shares of United Parcel Service from a “hold” rating to a “buy” rating and cut their price target for the stock from $127.00 to $121.00 in a report on Tuesday, March 6th. Knight Equity lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $115.00 in a report on Thursday, February 22nd. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $137.00 price objective on shares of United Parcel Service in a research report on Wednesday, January 17th. Two equities 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. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $125.21.
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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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