MML Investors Services LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,098 shares of the transportation company’s stock after buying an additional 2,803 shares during the period. MML Investors Services LLC’s holdings in United Parcel Service were worth $3,348,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $120,000. Resources Investment Advisors Inc. raised its holdings in shares of 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. Icon Wealth Partners LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $195,000. Choate Investment Advisors bought a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $203,000. Finally, First Midwest Bank Trust Division bought a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $203,000. 54.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on UPS. Loop Capital boosted their price target on shares of United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Stifel Nicolaus raised shares of United Parcel Service from a “hold” rating to a “buy” rating and decreased their target price for the stock from $127.00 to $121.00 in a research report on Tuesday, March 6th. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Knight Equity cut shares of United Parcel Service from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $115.00 in a research note on Thursday, February 22nd. Finally, Credit Suisse Group restated a “hold” rating and issued a $137.00 price objective on shares of United Parcel Service in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $125.21.
UPS stock traded up $1.19 during trading hours on Friday, hitting $110.91. 5,215,614 shares of the company traded hands, compared to its average volume of 4,553,753. 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 twelve month low of $102.12 and a twelve month high of $135.53. The company has a market capitalization of $95,561.50, a PE ratio of 19.73, a PEG ratio of 1.66 and a beta of 1.06.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion during the quarter, compared to the consensus estimate 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 firm earned $1.63 earnings per share. research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s payout ratio is 64.77%.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is 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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