Rench Wealth Management Inc. Has $2.35 Million Position in United Parcel Service, Inc. (UPS)

Rench Wealth Management Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,752 shares of the transportation company’s stock after acquiring an additional 3,544 shares during the quarter. Rench Wealth Management Inc.’s holdings in United Parcel Service were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Blue Chip Partners Inc. boosted its stake in United Parcel Service by 7.9% in the second quarter. Blue Chip Partners Inc. now owns 61,877 shares of the transportation company’s stock valued at $6,843,000 after acquiring an additional 4,550 shares during the last quarter. Intersect Capital LLC boosted its stake in United Parcel Service by 21.0% in the second quarter. Intersect Capital LLC now owns 12,431 shares of the transportation company’s stock valued at $1,375,000 after acquiring an additional 2,157 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in United Parcel Service by 5.4% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,640 shares of the transportation company’s stock valued at $624,000 after acquiring an additional 290 shares during the last quarter. Essex Financial Services Inc. boosted its stake in United Parcel Service by 4.7% in the second quarter. Essex Financial Services Inc. now owns 4,485 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 200 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its stake in United Parcel Service by 8.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 34,055 shares of the transportation company’s stock valued at $3,766,000 after acquiring an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 53.55% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) opened at $106.40 on Friday. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $135.53. 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 $91,690.00, a P/E ratio of 18.97, a PEG ratio of 1.62 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. sell-side analysts expect 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. Investors of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is 59.18%.

A number of research analysts have weighed in on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a research note on Tuesday, January 9th. Deutsche Bank reiterated a “buy” rating and issued a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Knight Equity reiterated a “buy” rating and issued a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, UBS Group boosted their target price on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $126.47.

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

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