Zevin Asset Management LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 100,241 shares of the transportation company’s stock after acquiring an additional 295 shares during the quarter. United Parcel Service accounts for 3.9% of Zevin Asset Management LLC’s portfolio, making the stock its 5th biggest position. Zevin Asset Management LLC’s holdings in United Parcel Service were worth $12,011,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in UPS. Nuveen Asset Management LLC purchased a new position in United Parcel Service in the second quarter worth $368,346,000. Price T Rowe Associates Inc. MD boosted its position in United Parcel Service by 36.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock worth $1,217,400,000 after purchasing an additional 3,155,121 shares during the last quarter. Invesco Ltd. boosted its position in United Parcel Service by 47.3% in the second quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock worth $664,353,000 after purchasing an additional 2,064,682 shares during the last quarter. Atria Investments LLC boosted its position in United Parcel Service by 4,982.4% in the second quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock worth $89,057,000 after purchasing an additional 1,075,450 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in United Parcel Service in the second quarter worth $97,269,000. Institutional investors and hedge funds own 55.30% of the company’s stock.
Shares of NYSE UPS traded up $0.81 during trading on Friday, reaching $124.30. 2,161,297 shares of the stock traded hands, compared to its average volume of 3,229,216. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.31. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50-day moving average of $117.75 and a 200-day moving average of $110.24. The stock has a market capitalization of $104.24 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $18.35 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.09%. United Parcel Service’s payout ratio is 53.04%.
In related news, COO James J. Barber sold 1,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.
Several research analysts have weighed in on UPS shares. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Credit Suisse Group cut their price objective on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Bank of America boosted their price objective on United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. GMP Securities raised United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the company a “neutral” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $121.99.
United Parcel Service Company 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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