Caisse DE Depot ET Placement DU Quebec Has $23.55 Million Stake in United Parcel Service, Inc. (UPS)

Caisse DE Depot ET Placement DU Quebec boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 467.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,239 shares of the transportation company’s stock after purchasing an additional 180,600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in United Parcel Service were worth $23,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. Security National Trust Co. grew its holdings in United Parcel Service by 8.9% during the 1st quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after buying an additional 102 shares during the last quarter. Financial Architects Inc grew its holdings in United Parcel Service by 14.3% during the 1st quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in United Parcel Service by 0.3% during the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in United Parcel Service during the 1st quarter valued at $161,000. 52.86% of the stock is owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 117.83 on Thursday. The stock has a market capitalization of $102.04 billion, a price-to-earnings ratio of 28.97 and a beta of 0.88. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The stock’s 50 day moving average price is $114.04 and its 200-day moving average price is $109.26.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS. Equities analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

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UPS has been the topic of a number of analyst reports. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a report on Monday, July 3rd. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $115.27.

In related news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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