Zevin Asset Management LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,047 shares of the transportation company’s stock after purchasing an additional 2,114 shares during the quarter. United Parcel Service makes up approximately 3.7% of Zevin Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Zevin Asset Management LLC’s holdings in United Parcel Service were worth $12,731,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of UPS. Legacy Financial Advisors Inc. purchased a new stake in shares of United Parcel Service during the second quarter valued at $111,000. Moneta Group Investment Advisors LLC boosted its stake in shares of United Parcel Service by 118.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 600 shares during the period. Signature Wealth Management Group purchased a new stake in shares of United Parcel Service during the second quarter valued at $118,000. Advisors Preferred LLC boosted its stake in shares of United Parcel Service by 845.8% during the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,015 shares during the period. Finally, Psagot Investment House Ltd. purchased a new stake in shares of United Parcel Service during the third quarter valued at $121,000. 53.65% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on UPS shares. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Monday, July 16th. Goldman Sachs Group set a $139.00 target price on shares of United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, July 24th. Citigroup lowered their target price on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Finally, Cowen reissued a “hold” rating and set a $128.00 target price on shares of United Parcel Service in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $125.66.
NYSE:UPS opened at $109.51 on Friday. United Parcel Service, Inc. has a 1-year low of $101.45 and a 1-year high of $135.53. The stock has a market capitalization of $95.61 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, November 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George Willis sold 4,312 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
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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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