United Parcel Service, Inc. (UPS) Stake Decreased by Sandy Spring Bank

Sandy Spring Bank lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,190 shares of the transportation company’s stock after selling 1,156 shares during the quarter. Sandy Spring Bank’s holdings in United Parcel Service were worth $2,406,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UPS. Public Employees Retirement Association of Colorado increased its holdings in shares of United Parcel Service by 6.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 713,906 shares of the transportation company’s stock valued at $85,062,000 after acquiring an additional 41,350 shares during the period. CI Investments Inc. increased its holdings in shares of United Parcel Service by 0.3% in the 4th quarter. CI Investments Inc. now owns 190,886 shares of the transportation company’s stock valued at $22,744,000 after acquiring an additional 585 shares during the period. Heritage Wealth Advisors increased its holdings in shares of United Parcel Service by 7.5% in the 4th quarter. Heritage Wealth Advisors now owns 16,230 shares of the transportation company’s stock valued at $1,930,000 after acquiring an additional 1,127 shares during the period. Linscomb & Williams Inc. increased its holdings in shares of United Parcel Service by 2.3% in the 4th quarter. Linscomb & Williams Inc. now owns 41,396 shares of the transportation company’s stock valued at $4,932,000 after acquiring an additional 921 shares during the period. Finally, Redmond Asset Management LLC increased its holdings in shares of United Parcel Service by 21.9% in the 4th quarter. Redmond Asset Management LLC now owns 3,734 shares of the transportation company’s stock valued at $445,000 after acquiring an additional 671 shares during the period. Institutional investors and hedge funds own 53.55% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at $107.56 on Wednesday. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. The stock has a market cap of $92,690.00, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $135.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. United Parcel Service’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. equities research analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.38%. United Parcel Service’s dividend payout ratio is 59.18%.

A number of equities analysts have recently commented on UPS shares. Deutsche Bank reaffirmed a “buy” rating and issued a $145.00 target price (up from $135.00) on shares of United Parcel Service in a report on Monday, January 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a report on Tuesday, January 9th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Knight Equity reaffirmed a “buy” rating and issued a $135.00 target price (down from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Finally, Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $126.47.

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

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