Granite Investment Advisors LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,483 shares of the transportation company’s stock after selling 1,947 shares during the period. Granite Investment Advisors LLC’s holdings in United Parcel Service were worth $4,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. First PREMIER Bank raised its stake in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in United Parcel Service in the first quarter valued at $126,000. Parkside Financial Bank & Trust raised its stake in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Winslow Evans & Crocker Inc. raised its stake in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares in the last quarter. Finally, Security National Trust Co. raised its stake in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up $0.24 on Thursday, reaching $118.40. The company’s stock had a trading volume of 2,738,400 shares, compared to its average volume of 2,722,843. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $125.16. The stock has a market cap of $101,837.87, a price-to-earnings ratio of 19.76, a PEG ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 company had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.80%. United Parcel Service’s payout ratio is 81.37%.
UPS has been the topic of a number of analyst reports. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Goldman Sachs Group initiated coverage on United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price target on the stock. Cowen restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Finally, Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $135.00 in a report on Monday, December 4th. One equities research 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. United Parcel Service has an average rating of “Hold” and an average target price of $121.45.
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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.
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