Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of United Parcel Service (NYSE:UPS) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,438 shares of the transportation company’s stock after buying an additional 6,756 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Parcel Service were worth $16,791,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Haverford Trust Co. grew its holdings in shares of United Parcel Service by 2.9% in the third quarter. Haverford Trust Co. now owns 349,424 shares of the transportation company’s stock valued at $41,962,000 after purchasing an additional 9,935 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in shares of United Parcel Service by 54.2% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 12,662 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 4,450 shares during the period. Trustmark National Bank Trust Department purchased a new stake in shares of United Parcel Service in the third quarter valued at about $294,000. ETRADE Capital Management LLC grew its holdings in shares of United Parcel Service by 79.1% in the third quarter. ETRADE Capital Management LLC now owns 17,800 shares of the transportation company’s stock valued at $2,138,000 after purchasing an additional 7,860 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of United Parcel Service by 1.8% in the third quarter. Nordea Investment Management AB now owns 40,975 shares of the transportation company’s stock valued at $4,921,000 after purchasing an additional 736 shares during the period. 54.27% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on UPS. Credit Suisse Group reissued a “hold” rating and issued a $137.00 price objective on shares of United Parcel Service in a report on Wednesday, January 17th. BMO Capital Markets upped their target price 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. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 target price on the stock in a research report on Thursday, February 1st. Morgan Stanley upped their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Finally, Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $124.26.
Shares of UPS traded down $0.35 during mid-day trading on Tuesday, hitting $115.99. 119,999 shares of the company’s stock were exchanged, compared to its average volume of 4,463,632. The stock has a market capitalization of $99.48 billion, a PE ratio of 19.31, a P/E/G ratio of 1.73 and a beta of 1.02. United Parcel Service has a fifty-two week low of $115.32 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion for the quarter, compared to analysts’ expectations of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. sell-side analysts predict that United Parcel Service will post 7.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Monday, May 21st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $3.64 annualized dividend and a yield of 3.14%. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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