Ladenburg Thalmann Financial Services Inc. Has $20,303,000 Stake in United Parcel Service, Inc. (UPS)

Ladenburg Thalmann Financial Services Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 177,137 shares of the company’s stock after buying an additional 2,143 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in United Parcel Service were worth $20,303,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Trust N.A. boosted its stake in shares of United Parcel Service by 1.5% in the third quarter. Raymond James Trust N.A. now owns 30,151 shares of the company’s stock worth $3,297,000 after buying an additional 448 shares during the last quarter. Schulhoff & Co. Inc. boosted its position in United Parcel Service by 1.9% in the third quarter. Schulhoff & Co. Inc. now owns 16,521 shares of the company’s stock valued at $1,806,000 after buying an additional 303 shares during the last quarter. Norinchukin Bank The boosted its position in United Parcel Service by 1.0% in the third quarter. Norinchukin Bank The now owns 71,902 shares of the company’s stock valued at $7,863,000 after buying an additional 736 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in United Parcel Service by 2.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 114,240 shares of the company’s stock valued at $12,493,000 after buying an additional 3,107 shares during the last quarter. Finally, Leisure Capital Management boosted its position in United Parcel Service by 5.3% in the third quarter. Leisure Capital Management now owns 17,811 shares of the company’s stock valued at $1,948,000 after buying an additional 892 shares during the last quarter. Institutional investors and hedge funds own 53.19% of the company’s stock.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) opened at 105.05 on Friday. United Parcel Service, Inc. has a 12 month low of $100.05 and a 12 month high of $120.44. The firm has a market cap of $91.40 billion, a P/E ratio of 27.14 and a beta of 0.91. The company’s 50-day moving average is $106.69 and its 200 day moving average is $110.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 31st. The company reported $1.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by $0.06. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $17.01 billion. During the same period in the prior year, the business posted $1.57 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post $5.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Stockholders of record on Tuesday, February 21st were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.78. United Parcel Service’s dividend payout ratio (DPR) is currently 80.62%.

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UPS has been the subject of several research analyst reports. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, February 3rd. Credit Suisse Group AG reiterated a “hold” rating and set a $110.00 target price on shares of United Parcel Service in a research note on Sunday, February 5th. Wells Fargo & Co initiated coverage on shares of United Parcel Service in a research note on Monday, March 13th. They set a “market perform” rating and a $115.00 target price for the company. Barclays PLC reiterated a “hold” rating and set a $122.00 target price on shares of United Parcel Service in a research note on Tuesday, January 10th. Finally, Vetr cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $119.82 target price for the company. in a research note on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $113.47.

In other news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction on Friday, February 24th. The stock was sold at an average price of $104.85, for a total transaction of $471,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by company 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.

5 Day Chart for NYSE:UPS

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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