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.
COPYRIGHT VIOLATION WARNING: “United Parcel Service, Inc. (UPS) Stake Boosted by Zevin Asset Management LLC” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/11/10/united-parcel-service-inc-ups-stake-boosted-by-zevin-asset-management-llc.html.
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
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.