Minot DeBlois Advisors LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,114 shares of the transportation company's stock, valued at approximately $645,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank increased its position in United Parcel Service by 6.3% during the 4th quarter. Czech National Bank now owns 158,576 shares of the transportation company's stock worth $19,996,000 after purchasing an additional 9,356 shares in the last quarter. Clark & Stuart Inc bought a new position in shares of United Parcel Service in the 4th quarter valued at $7,429,000. Fiduciary Alliance LLC bought a new stake in United Parcel Service during the 4th quarter worth $325,000. Brookstone Capital Management raised its position in United Parcel Service by 10.9% in the fourth quarter. Brookstone Capital Management now owns 108,837 shares of the transportation company's stock valued at $13,724,000 after purchasing an additional 10,655 shares during the last quarter. Finally, Agate Pass Investment Management LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth about $603,000. Institutional investors own 60.26% of the company's stock.
Wall Street Analysts Forecast Growth
UPS has been the subject of several analyst reports. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Thursday, May 1st. Galvan Research lowered their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wolfe Research decreased their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, BMO Capital Markets reduced their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $120.87.
Check Out Our Latest Analysis on United Parcel Service
United Parcel Service Stock Up 0.6%
NYSE UPS traded up $0.61 during trading hours on Thursday, hitting $100.26. The company's stock had a trading volume of 4,521,184 shares, compared to its average volume of 5,064,752. The company has a market capitalization of $85.64 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $150.03. The company's 50-day simple moving average is $103.07 and its two-hundred day simple moving average is $118.19.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company's revenue for the quarter was down .9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.54%. United Parcel Service's dividend payout ratio is currently 95.63%.
United Parcel Service Company Profile
(
Free Report)
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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