Ironwood Investment Counsel LLC Has $4.67 Million Stake in United Parcel Service, Inc. (UPS)

Ironwood Investment Counsel LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,214 shares of the transportation company’s stock after buying an additional 962 shares during the quarter. United Parcel Service accounts for about 1.7% of Ironwood Investment Counsel LLC’s portfolio, making the stock its 17th largest holding. Ironwood Investment Counsel LLC’s holdings in United Parcel Service were worth $4,672,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UPS. Pax World Management LLC raised its position in shares of United Parcel Service by 5.7% in the 2nd quarter. Pax World Management LLC now owns 5,383 shares of the transportation company’s stock valued at $595,000 after buying an additional 288 shares in the last quarter. Boston Private Wealth LLC raised its position in shares of United Parcel Service by 3.1% in the 2nd quarter. Boston Private Wealth LLC now owns 25,317 shares of the transportation company’s stock valued at $2,800,000 after buying an additional 754 shares in the last quarter. Smith Chas P & Associates PA Cpas acquired a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $339,000. Federated Investors Inc. PA raised its position in shares of United Parcel Service by 2,005.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after buying an additional 1,446,749 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. acquired a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $503,000. Institutional investors own 53.55% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $106.60 on Thursday. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $135.53. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69. The firm has a market cap of $91,860.00, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same period in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities analysts predict that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.41%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. United Parcel Service’s payout ratio is presently 59.18%.

UPS has been the subject of a number of research analyst reports. Cowen upped their price objective on shares of United Parcel Service from $115.00 to $124.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. BMO Capital Markets upped their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Loop Capital upped their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, UBS Group upped their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $126.47.

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United Parcel Service 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.

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

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