InterOcean Capital LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 104.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,591 shares of the transportation company’s stock after purchasing an additional 34,965 shares during the period. United Parcel Service accounts for about 1.2% of InterOcean Capital LLC’s holdings, making the stock its 27th biggest position. InterOcean Capital LLC’s holdings in United Parcel Service were worth $7,585,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of UPS. First PREMIER Bank grew its position in shares of United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. purchased a new stake in United Parcel Service during the 1st quarter valued at about $126,000. Winslow Evans & Crocker Inc. lifted its stake in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares during the period. Parkside Financial Bank & Trust lifted its stake in United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares during the period. Finally, Security National Trust Co. lifted its stake in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares during the period. 53.67% of the stock is owned by institutional investors.
Shares of United Parcel Service, Inc. (UPS) traded up $1.44 during mid-day trading on Thursday, hitting $119.73. The stock had a trading volume of 3,279,999 shares, compared to its average volume of 2,722,063. 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 $125.16. The firm has a market cap of $103,310.00, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. research analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, November 10th. United Parcel Service’s payout ratio is 81.57%.
UPS has been the topic of several recent research reports. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research note on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a report on Friday, August 25th. Finally, Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $125.00 to $135.00 in a research report on Monday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $121.45.
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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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