Heritage Investors Management Corp lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 104,892 shares of the transportation company’s stock after purchasing an additional 2,961 shares during the period. Heritage Investors Management Corp’s holdings in United Parcel Service were worth $12,246,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Gryphon Financial Partners LLC lifted its stake in United Parcel Service by 108.4% in the third quarter. Gryphon Financial Partners LLC now owns 2,265 shares of the transportation company’s stock worth $265,000 after acquiring an additional 1,178 shares during the period. Global Financial Private Capital LLC lifted its stake in United Parcel Service by 7.0% in the third quarter. Global Financial Private Capital LLC now owns 70,223 shares of the transportation company’s stock worth $8,199,000 after acquiring an additional 4,588 shares during the period. IFG Advisory LLC lifted its stake in United Parcel Service by 6.3% in the third quarter. IFG Advisory LLC now owns 7,944 shares of the transportation company’s stock worth $927,000 after acquiring an additional 470 shares during the period. Zevin Asset Management LLC lifted its stake in United Parcel Service by 2.0% in the third quarter. Zevin Asset Management LLC now owns 109,047 shares of the transportation company’s stock worth $12,731,000 after acquiring an additional 2,114 shares during the period. Finally, Psagot Investment House Ltd. purchased a new stake in United Parcel Service in the third quarter worth $121,000. Hedge funds and other institutional investors own 53.65% of the company’s stock.
In other news, COO James J. Barber sold 2,500 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider George Willis sold 4,312 shares of the firm’s 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. 0.56% of the stock is owned by company insiders.
Shares of United Parcel Service stock opened at $109.51 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43. The firm has a market cap of $95.61 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.66 and a beta of 1.14. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.32%. United Parcel Service’s payout ratio is presently 60.57%.
A number of brokerages recently commented on UPS. Morgan Stanley raised their price target on United Parcel Service from $92.00 to $93.00 and gave the stock a “sell” rating in a research note on Tuesday, October 9th. Goldman Sachs Group set a $139.00 price target on United Parcel Service and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Tuesday, July 24th. Stephens set a $128.00 price objective on United Parcel Service and gave the company a “hold” rating in a research report on Wednesday, July 25th. Finally, Loop Capital raised their price objective on United Parcel Service to $145.00 and gave the company a “positive” rating in a research report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently 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.
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