Evergreen Capital Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,160 shares of the transportation company’s stock after purchasing an additional 2,348 shares during the period. Evergreen Capital Management LLC’s holdings in United Parcel Service were worth $3,667,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. V Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $102,000. First PREMIER Bank boosted its position in United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after purchasing an additional 50 shares during the period. Parkside Financial Bank & Trust lifted its holdings in United Parcel Service by 17.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in United Parcel Service in the 1st quarter worth $126,000. Finally, Winslow Evans & Crocker Inc. lifted its holdings in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares in the last quarter. Institutional investors own 52.87% of the company’s stock.
In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.
Shares of United Parcel Service, Inc. (UPS) opened at $113.23 on Friday. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $97,018.10, a P/E ratio of 18.82, a PEG ratio of 2.02 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 81.37%.
A number of brokerages have recently issued reports on UPS. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a research note on Monday, November 6th. UBS AG boosted their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Loop Capital upped their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. BMO Capital Markets increased their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus increased their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $119.22.
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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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