Chicago Equity Partners LLC Boosts Stake in United Parcel Service, Inc. (NYSE:UPS)

Chicago Equity Partners LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 465.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,780 shares of the transportation company’s stock after buying an additional 26,980 shares during the quarter. Chicago Equity Partners LLC’s holdings in United Parcel Service were worth $3,906,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in United Parcel Service during the 3rd quarter worth about $120,000. Security National Trust Co. grew its holdings in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after acquiring an additional 48 shares during the last quarter. Choate Investment Advisors bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $203,000. First Midwest Bank Trust Division bought a new position in shares of United Parcel Service in the 3rd quarter valued at about $203,000. Finally, Brightworth bought a new position in shares of United Parcel Service in the 3rd quarter valued at about $203,000. Institutional investors own 53.55% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded up $0.15 during trading hours on Thursday, hitting $106.75. The stock had a trading volume of 989,901 shares, compared to its average volume of 5,318,368. The company has a market capitalization of $91,860.00, a PE ratio of 19.09, a P/E/G ratio of 1.61 and a beta of 0.91. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53.

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

The firm also recently declared 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 dividend yield of 3.41%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 59.18%.

UPS has been the topic of several recent research reports. Goldman Sachs Group began coverage on shares of United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. BMO Capital Markets increased their price target on shares of United Parcel Service to $130.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a report on Tuesday, December 26th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $125.00 to $135.00 in a report on Monday, December 4th. Finally, Credit Suisse Group restated a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a report on Wednesday, January 17th. Two 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 given a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and an average target price of $126.47.

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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.

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

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