Sei Investments Co. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.4% during the first quarter, Holdings Channel reports. The institutional investor owned 363,172 shares of the transportation company’s stock after buying an additional 45,829 shares during the period. Sei Investments Co.’s holdings in United Parcel Service were worth $38,968,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of UPS. First Foundation Advisors raised its position in shares of United Parcel Service by 4.7% in the first quarter. First Foundation Advisors now owns 320,205 shares of the transportation company’s stock valued at $34,358,000 after buying an additional 14,467 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of United Parcel Service during the first quarter valued at approximately $38,238,000. Haverford Trust Co. raised its position in shares of United Parcel Service by 5.7% in the first quarter. Haverford Trust Co. now owns 321,337 shares of the transportation company’s stock valued at $34,480,000 after buying an additional 17,361 shares in the last quarter. Morningstar Investment Services LLC raised its position in shares of United Parcel Service by 1.0% in the first quarter. Morningstar Investment Services LLC now owns 334,314 shares of the transportation company’s stock valued at $35,872,000 after buying an additional 3,286 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in shares of United Parcel Service by 41.0% in the first quarter. Ropes Wealth Advisors LLC now owns 7,228 shares of the transportation company’s stock valued at $776,000 after buying an additional 2,101 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE UPS) opened at 109.67 on Wednesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm has a market capitalization of $95.17 billion, a price-to-earnings ratio of 28.01 and a beta of 0.89. The stock has a 50 day moving average of $106.67 and a 200-day moving average of $109.22.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.03. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The company had revenue of $15.32 billion during the quarter, compared to the consensus estimate of $15.19 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. United Parcel Service’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $3.32 annualized dividend and a yield of 3.03%. United Parcel Service’s dividend payout ratio is currently 84.69%.
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Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Seaport Global Securities assumed coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Finally, Wells Fargo & Company began coverage on shares of United Parcel Service in a report on Monday, March 13th. They set a “market perform” rating and a $115.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $114.00.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by insiders.
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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