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 (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.
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