9,870 Shares in United Parcel Service, Inc. (UPS) Purchased by Putnam FL Investment Management Co.

Putnam FL Investment Management Co. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, HoldingsChannel reports. The firm purchased 9,870 shares of the transportation company’s stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Parcel Service during the 3rd quarter worth approximately $120,000. Resources Investment Advisors Inc. grew its position in shares of United Parcel Service by 51.2% during 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. Epstein & White Financial LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $228,000. Brightworth acquired a new position in shares of United Parcel Service during the 3rd quarter worth approximately $203,000. Finally, First Midwest Bank Trust Division acquired a new position in shares of United Parcel Service during the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 53.55% of the company’s stock.

A number of research analysts have issued reports on UPS shares. Loop Capital increased their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Morgan Stanley increased their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Knight Equity restated a “buy” rating and set a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Oppenheimer restated a “buy” rating and set a $123.00 target price on shares of United Parcel Service in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $126.47.

United Parcel Service, Inc. (NYSE:UPS) opened at $106.40 on Friday. The company has a market cap of $91,690.00, a P/E ratio of 18.97, a P/E/G ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. equities analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.91 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. This represents a $3.64 annualized dividend and a yield of 3.42%. United Parcel Service’s dividend payout ratio is presently 59.18%.

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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.

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).

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

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