Ontario Teachers Pension Plan Board Buys 6,821 Shares of United Parcel Service, Inc. (UPS)

Ontario Teachers Pension Plan Board boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 212,312 shares of the transportation company’s stock after buying an additional 6,821 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in United Parcel Service were worth $23,480,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of UPS. BlackRock Inc. lifted its stake in United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC lifted its stake in United Parcel Service by 3,875,867.0% in the 1st quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after buying an additional 4,340,971 shares in the last quarter. Federated Investors Inc. PA lifted its stake in United Parcel Service by 2,005.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after buying an additional 1,446,749 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in United Parcel Service by 119.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after buying an additional 1,419,245 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in United Parcel Service by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after buying an additional 1,262,293 shares in the last quarter. 53.11% of the stock is currently owned by hedge funds and other institutional investors.

UPS has been the topic of a number of recent research reports. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Friday, October 6th. BidaskClub lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co increased their price target on United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $120.74.

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Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $113.20 on Tuesday. The company has a market capitalization of $97,690.00, a price-to-earnings ratio of 18.89, a PEG ratio of 2.03 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS. research analysts predict that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. United Parcel Service’s payout ratio is 81.57%.

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.

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

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