Zeke Capital Advisors LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,158 shares of the transportation company’s stock after selling 1,136 shares during the period. Zeke Capital Advisors LLC’s holdings in United Parcel Service were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its position in United Parcel Service by 0.9% during the 2nd quarter. Flinton Capital Management LLC now owns 12,012 shares of the transportation company’s stock worth $1,328,000 after acquiring an additional 112 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in United Parcel Service by 1.0% in the second quarter. Nicholas Hoffman & Company LLC. now owns 12,195 shares of the transportation company’s stock valued at $1,349,000 after buying an additional 118 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in United Parcel Service by 0.3% in the second quarter. Peapack Gladstone Financial Corp now owns 40,064 shares of the transportation company’s stock valued at $4,431,000 after buying an additional 139 shares during the period. Advisory Services Network LLC increased its stake in United Parcel Service by 1.8% in the second quarter. Advisory Services Network LLC now owns 9,402 shares of the transportation company’s stock valued at $1,040,000 after purchasing an additional 164 shares in the last quarter. Finally, Rench Wealth Management Inc. increased its stake in United Parcel Service by 1.3% in the second quarter. Rench Wealth Management Inc. now owns 13,207 shares of the transportation company’s stock valued at $1,461,000 after purchasing an additional 175 shares in the last quarter. 54.10% of the stock is currently owned by institutional investors.
Shares of United Parcel Service, Inc. (NYSE:UPS) traded up $0.40 during trading on Friday, hitting $110.12. 673,345 shares of the company traded hands, compared to its average volume of 5,115,798. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $135.53. The company has a market cap of $94,760.00, a price-to-earnings ratio of 20.71, a PEG ratio of 1.63 and a beta of 1.06.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. During the same quarter in the previous year, the business posted $1.63 EPS. United Parcel Service’s quarterly revenue was up 11.2% on a year-over-year basis. equities research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were paid a $0.91 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date was Friday, February 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.31%. United Parcel Service’s dividend payout ratio is presently 68.55%.
Several equities research analysts have recently issued reports on UPS shares. Deutsche Bank reissued a “buy” rating and set a $145.00 price objective (up previously from $135.00) on shares of United Parcel Service in a research 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 research report on Tuesday, January 9th. Knight Equity reaffirmed a “buy” rating and issued a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target for the company in a research note on Tuesday, December 26th. Finally, Morgan Stanley increased their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $125.21.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is currently owned by insiders.
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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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