HPM Partners LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,624 shares of the transportation company’s stock after selling 2,569 shares during the quarter. HPM Partners LLC’s holdings in United Parcel Service were worth $1,862,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new stake in United Parcel Service during the fourth quarter worth approximately $106,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service during the third quarter worth approximately $120,000. Resources Investment Advisors Inc. grew its stake in United Parcel Service by 51.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after buying an additional 418 shares during the period. Epstein & White Financial LLC purchased a new stake in United Parcel Service during the fourth quarter worth approximately $228,000. Finally, Icon Wealth Partners LLC purchased a new stake in United Parcel Service during the fourth quarter worth approximately $195,000. Institutional investors own 54.10% of the company’s stock.
UPS has been the topic of a number of recent research reports. Edward Jones raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Deutsche Bank reissued a “buy” rating and set a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Knight Equity reissued a “buy” rating and set a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Loop Capital raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $105.61 to $128.00 in a report on Monday, February 26th. Finally, Stifel Nicolaus raised shares of United Parcel Service from a “hold” rating to a “buy” rating and cut their price target for the company from $127.00 to $121.00 in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $125.21.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the 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 during the quarter, compared to analyst estimates of $18.20 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities research analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.33%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is currently 64.77%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by corporate insiders.
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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