Professional Advisory Services Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,836 shares of the transportation company’s stock after selling 1,303 shares during the quarter. United Parcel Service makes up approximately 3.5% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 9th largest holding. Professional Advisory Services Inc.’s holdings in United Parcel Service were worth $16,781,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of UPS. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $120,000. Winslow Evans & Crocker Inc. raised its holdings in United Parcel Service by 261.3% in the 2nd 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 during the last quarter. Security National Trust Co. raised its holdings in United Parcel Service by 3.9% in the 2nd 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 during the last quarter. Choate Investment Advisors bought a new position in United Parcel Service in the 2nd quarter valued at approximately $203,000. Finally, First Midwest Bank Trust Division bought a new position in United Parcel Service during the 3rd quarter worth approximately $203,000. 53.55% of the stock is currently owned by institutional investors.
Several research firms have issued reports on UPS. BMO Capital Markets raised their price target on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price objective on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target for the company in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $126.47.
Shares of United Parcel Service, Inc. (UPS) opened at $106.31 on Tuesday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $135.53. The firm has a market capitalization of $91,389.01, a PE ratio of 17.67, a PEG ratio of 1.59 and a beta of 0.91. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. United Parcel Service’s revenue was up 11.2% on a year-over-year basis. sell-side analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 annualized dividend and a yield of 3.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is currently 59.07%.
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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.
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