Princeton Portfolio Strategies Group LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,699 shares of the company’s stock after buying an additional 385 shares during the period. Princeton Portfolio Strategies Group LLC’s holdings in United Parcel Service were worth $1,685,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Congress Asset Management Co. MA bought a new stake in United Parcel Service during the fourth quarter worth approximately $4,328,000. Ladenburg Thalmann Financial Services Inc. increased its stake in United Parcel Service by 1.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 177,137 shares of the company’s stock worth $20,303,000 after buying an additional 2,143 shares during the period. AQR Capital Management LLC increased its stake in United Parcel Service by 13.0% in the fourth quarter. AQR Capital Management LLC now owns 744,482 shares of the company’s stock worth $85,347,000 after buying an additional 85,899 shares during the period. Guggenheim Capital LLC increased its stake in United Parcel Service by 10.6% in the fourth quarter. Guggenheim Capital LLC now owns 402,664 shares of the company’s stock worth $46,162,000 after buying an additional 38,621 shares during the period. Finally, Banco Santander S.A. bought a new stake in United Parcel Service during the fourth quarter worth approximately $2,293,000. 53.19% of the stock is owned by institutional investors and hedge funds.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 105.05 on Friday. The firm has a 50-day moving average of $106.69 and a 200 day moving average of $110.82. United Parcel Service, Inc. has a 52 week low of $100.05 and a 52 week high of $120.44. The stock has a market cap of $91.40 billion, a PE ratio of 27.14 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 31st. The company reported $1.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $17.01 billion. During the same period last year, the business earned $1.57 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post $5.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 21st were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.78. United Parcel Service’s dividend payout ratio (DPR) is 80.62%.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Co assumed coverage on shares of United Parcel Service in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 price objective for the company. Credit Suisse Group AG reissued a “neutral” rating and set a $111.00 price objective (up previously from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th. Aegis reissued a “buy” rating on shares of United Parcel Service in a research report on Thursday, February 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $115.00 price objective on shares of United Parcel Service in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $113.47.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $104.85, for a total transaction of $471,825.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.
About United Parcel Service
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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