Clearbridge Investments LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,762,342 shares of the transportation company’s stock after purchasing an additional 218,976 shares during the quarter. United Parcel Service accounts for 0.9% of Clearbridge Investments LLC’s investment portfolio, making the stock its 23rd biggest holding. Clearbridge Investments LLC owned approximately 0.90% of United Parcel Service worth $924,883,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Sawyer & Company Inc acquired a new position in shares of United Parcel Service in the fourth quarter worth $2,779,000. Crossmark Global Holdings Inc. acquired a new position in shares of United Parcel Service in the third quarter worth $8,978,000. BP PLC raised its holdings in shares of United Parcel Service by 47.3% in the third quarter. BP PLC now owns 81,000 shares of the transportation company’s stock worth $9,726,000 after acquiring an additional 26,000 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of United Parcel Service by 4.3% in the third quarter. Stifel Financial Corp now owns 604,567 shares of the transportation company’s stock worth $72,523,000 after acquiring an additional 24,867 shares during the last quarter. Finally, Employees Retirement System of Texas raised its holdings in shares of United Parcel Service by 7.6% in the second quarter. Employees Retirement System of Texas now owns 85,000 shares of the transportation company’s stock worth $9,400,000 after acquiring an additional 6,000 shares during the last quarter. 54.10% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.59% of the company’s stock.
United Parcel Service (NYSE:UPS) last released 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. The firm had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. equities analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th were paid a $0.91 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 3.34%. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 68.55%.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group reissued a “hold” rating and issued a $137.00 price target on shares of United Parcel Service in a report on Wednesday, January 17th. Goldman Sachs Group assumed coverage on United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price target for the company. BMO Capital Markets boosted their price target on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target for the company in a report on Thursday, February 1st. Finally, Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target for the company in a report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $124.68.
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.
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