Sigma Planning Corp grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,717 shares of the transportation company’s stock after purchasing an additional 4,915 shares during the period. Sigma Planning Corp’s holdings in United Parcel Service were worth $2,349,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at $120,000. Resources Investment Advisors Inc. lifted its holdings in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 418 shares during the last quarter. Epstein & White Financial LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $228,000. Brightworth purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at $203,000. Finally, First Midwest Bank Trust Division purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
UPS has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. BMO Capital Markets raised their target price on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Loop Capital raised their target price on United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. UBS Group raised their target price on United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Oppenheimer restated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $126.47.
United Parcel Service, Inc. (NYSE UPS) opened at $104.71 on Wednesday. The firm has a market capitalization of $90,230.00, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. equities research analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders 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 represents a $3.64 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio (DPR) is presently 64.88%.
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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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