Caisse DE Depot ET Placement DU Quebec lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,535 shares of the transportation company’s stock after selling 10,204 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in United Parcel Service were worth $9,596,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Parcel Service during the third quarter worth $120,000. Resources Investment Advisors Inc. boosted its stake in shares of United Parcel Service by 51.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 418 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $195,000. Choate Investment Advisors acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $203,000. Finally, First Midwest Bank Trust Division acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at $203,000. 54.06% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on UPS. Credit Suisse Group restated a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “hold” rating and set a $130.00 price target on shares of United Parcel Service in a research report on Tuesday, January 9th. Deutsche Bank reissued a “buy” rating and set a $145.00 price objective (up from $135.00) on shares of United Parcel Service in a report on Monday, January 8th. Knight Equity reissued a “buy” rating and set a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Finally, BMO Capital Markets boosted their price objective on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $125.21.
NYSE UPS traded down $0.82 during trading hours on Monday, reaching $103.84. 4,578,771 shares of the company’s stock were exchanged, compared to its average volume of 4,978,049. United Parcel Service, Inc. has a one year low of $101.45 and a one year high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $90,176.41, a price-to-earnings ratio of 17.28, a PEG ratio of 1.56 and a beta of 1.03.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.20 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The business’s revenue was up 11.2% on a year-over-year basis. analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a yield of 3.51%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is 60.57%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
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United Parcel Service Company Profile
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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