United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Dividend Assets Capital LLC

Dividend Assets Capital LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,345 shares of the transportation company’s stock after purchasing an additional 1,150 shares during the period. Dividend Assets Capital LLC’s holdings in United Parcel Service were worth $762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board grew its stake in shares of United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after buying an additional 239,350 shares during the last quarter. Brookstone Capital Management grew its stake in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after buying an additional 4,541 shares during the last quarter. Wesbanco Bank Inc. grew its stake in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after buying an additional 5,325 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after buying an additional 1,030,326 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of United Parcel Service during the third quarter valued at about $8,978,000. Institutional investors and hedge funds own 53.49% of the company’s stock.

A number of brokerages have recently issued reports on UPS. Robert W. Baird reaffirmed a “hold” rating and set a $130.00 price objective on shares of United Parcel Service in a research note on Tuesday. Knight Equity reaffirmed a “buy” rating and set a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research note on Monday. Deutsche Bank reaffirmed a “buy” rating and set a $145.00 price objective (up from $135.00) on shares of United Parcel Service in a research note on Monday. UBS Group raised their price objective on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Cowen raised their target price on United Parcel Service from $115.00 to $124.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus price target of $123.09.

United Parcel Service, Inc. (NYSE:UPS) opened at $133.46 on Friday. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $133.77. The stock has a market cap of $115,010.00, a P/E ratio of 32.79, a PEG ratio of 2.12 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 (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 analyst estimates of $15.62 billion. During the same period last year, the business earned $1.44 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that United Parcel Service, Inc. will post 6 EPS for the current fiscal year.

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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.

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

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