Edgemoor Investment Advisors Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,080 shares of the transportation company’s stock after selling 2,580 shares during the quarter. United Parcel Service makes up 1.4% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 25th largest holding. Edgemoor Investment Advisors Inc.’s holdings in United Parcel Service were worth $11,040,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service in the 3rd quarter worth $120,000. Resources Investment Advisors Inc. lifted its stake in United Parcel Service by 51.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after purchasing an additional 418 shares in the last quarter. Choate Investment Advisors purchased a new stake in United Parcel Service in the 2nd quarter worth $203,000. First Midwest Bank Trust Division purchased a new stake in United Parcel Service in the 3rd quarter worth $203,000. Finally, Brightworth purchased a new stake in United Parcel Service in the 3rd quarter worth $203,000. Institutional investors own 53.33% of the company’s stock.
Several analysts have commented on the stock. Edward Jones upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley boosted their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. BMO Capital Markets boosted their price target on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target on the stock in a research note on Thursday, February 1st. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $137.00 price target on shares of United Parcel Service in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus price target of $126.47.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $106.40 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $135.53. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. The firm has a market cap of $91,690.00, a PE ratio of 18.97, a PEG ratio of 1.59 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 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 the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. research analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The company also recently declared 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 annualized dividend and a yield of 3.42%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 59.18%.
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United Parcel Service 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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