United Parcel Service, Inc. (UPS) Stake Boosted by Zevin Asset Management LLC

Zevin Asset Management LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,047 shares of the transportation company’s stock after acquiring an additional 2,114 shares during the quarter. United Parcel Service comprises approximately 3.7% of Zevin Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Zevin Asset Management LLC’s holdings in United Parcel Service were worth $12,731,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Parnassus Investments CA boosted its position in United Parcel Service by 0.8% in the 2nd quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock worth $726,586,000 after purchasing an additional 56,443 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in United Parcel Service by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock worth $457,788,000 after purchasing an additional 121,264 shares in the last quarter. Vulcan Value Partners LLC purchased a new stake in United Parcel Service in the 2nd quarter worth approximately $308,056,000. FineMark National Bank & Trust boosted its position in United Parcel Service by 6.2% in the 2nd quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock worth $301,769,000 after purchasing an additional 165,571 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in United Parcel Service by 2.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,328,216 shares of the transportation company’s stock worth $247,329,000 after purchasing an additional 62,331 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.

In related news, COO James J. Barber sold 2,500 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George Willis sold 4,312 shares of the stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Shares of NYSE:UPS opened at $109.51 on Friday. United Parcel Service, Inc. has a 1 year low of $101.45 and a 1 year high of $135.53. The company has a market cap of $95.61 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same quarter last year, the firm posted $1.45 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.32%. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.

UPS has been the topic of several recent research reports. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Monday, July 16th. ValuEngine upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, July 24th. Goldman Sachs Group set a $139.00 price objective on United Parcel Service and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, Stephens set a $128.00 price objective on United Parcel Service and gave the stock a “hold” rating in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $125.66.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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