Global Financial Private Capital LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 76,569 shares of the transportation company’s stock after selling 1,706 shares during the quarter. Global Financial Private Capital LLC’s holdings in United Parcel Service were worth $9,123,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of UPS. Wesbanco Bank Inc. grew its position in shares of United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after buying an additional 5,325 shares during the last quarter. Sawyer & Company Inc bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $2,779,000. Crossmark Global Holdings Inc. bought a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $8,978,000. BP PLC grew its position in shares of United Parcel Service by 47.3% in the 3rd quarter. BP PLC now owns 81,000 shares of the transportation company’s stock worth $9,726,000 after buying an additional 26,000 shares during the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in shares of United Parcel Service by 3.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 40,831 shares of the transportation company’s stock worth $4,516,000 after buying an additional 1,373 shares during the last quarter. Institutional investors and hedge funds own 53.33% of the company’s stock.
A number of equities research analysts have recently weighed in on UPS shares. Deutsche Bank lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price objective on the stock. in a research report on Thursday. Morgan Stanley lifted their price objective on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Knight Equity reiterated a “buy” rating and issued a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Edward Jones upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Oppenheimer restated a “buy” rating and set a $123.00 price target on shares of United Parcel Service in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $123.83.
United Parcel Service, Inc. (NYSE:UPS) opened at $105.61 on Friday. The stock has a market capitalization of $91,010.00, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.57 and a beta of 0.91. United Parcel Service, Inc. has a one year low of $102.12 and a one year 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 announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) 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 analysts’ expectations of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. equities research analysts forecast that United Parcel Service, Inc. will post 7.23 EPS 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. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a yield of 3.45%. United Parcel Service’s payout ratio is presently 68.55%.
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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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