North Star Asset Management Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 66.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,655 shares of the transportation company’s stock after selling 25,373 shares during the quarter. North Star Asset Management Inc.’s holdings in United Parcel Service were worth $1,358,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board grew its position in United Parcel Service by 50.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management grew its position in United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after purchasing an additional 4,541 shares during the period. Wesbanco Bank Inc. grew its position in United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after purchasing an additional 5,325 shares during the period. Vanguard Group Inc. grew its position in United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after purchasing an additional 1,030,326 shares during the period. Finally, Dividend Assets Capital LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at $575,000. Institutional investors own 53.67% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up $0.10 during trading hours on Tuesday, hitting $118.15. 1,342,777 shares of the company were exchanged, compared to its average volume of 2,723,542. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market cap of $102,981.04, a P/E ratio of 19.98, a P/E/G ratio of 2.15 and a beta of 0.92. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.45. The company had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 81.37%.
Several analysts recently issued reports on the stock. UBS lifted their price target 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. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Robert W. Baird reissued a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Sunday, October 1st. Cowen lifted their price target on shares of United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Finally, BMO Capital Markets lifted their price target on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $121.45.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/12/united-parcel-service-inc-ups-shares-sold-by-north-star-asset-management-inc.html.
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.
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.