Schroder Investment Management Group lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,204 shares of the transportation company’s stock after acquiring an additional 2,140 shares during the quarter. Schroder Investment Management Group’s holdings in United Parcel Service were worth $3,410,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Ronna Sue Cohen boosted its stake in shares of United Parcel Service by 34.9% during the 3rd quarter. Ronna Sue Cohen now owns 27,783 shares of the transportation company’s stock worth $3,244,000 after acquiring an additional 7,193 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $260,000. NN Investment Partners Holdings N.V. boosted its stake in shares of United Parcel Service by 3.3% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 119,531 shares of the transportation company’s stock worth $13,954,000 after acquiring an additional 3,802 shares in the last quarter. First Bank & Trust boosted its stake in shares of United Parcel Service by 26.3% during the 3rd quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock worth $823,000 after acquiring an additional 1,395 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its stake in shares of United Parcel Service by 1.6% during the 3rd quarter. Intact Investment Management Inc. now owns 38,200 shares of the transportation company’s stock worth $4,460,000 after acquiring an additional 600 shares in the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of United Parcel Service stock opened at $105.32 on Friday. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $101.45 and a 1 year high of $135.53. The company has a market cap of $92.83 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.62 and a beta of 1.15.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.48 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th were issued a $0.91 dividend. The ex-dividend date was Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.46%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price target on United Parcel Service from $92.00 to $87.00 and set a “sell” rating on the stock in a research note on Tuesday. Citigroup downgraded United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Goldman Sachs Group set a $147.00 price objective on United Parcel Service and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Credit Suisse Group cut their price objective on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, Robert W. Baird cut their price objective on United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $125.33.
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United Parcel Service Company 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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