United Parcel Service, Inc. (UPS) Holdings Boosted by Eaton Vance Management

Eaton Vance Management raised its position in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,461,978 shares of the transportation company’s stock after purchasing an additional 6,252 shares during the quarter. Eaton Vance Management owned about 0.17% of United Parcel Service worth $161,680,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CIBC World Markets Inc. boosted its holdings in United Parcel Service by 23.4% in the 2nd quarter. CIBC World Markets Inc. now owns 130,806 shares of the transportation company’s stock valued at $14,466,000 after purchasing an additional 24,805 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in United Parcel Service by 1.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 90,052 shares of the transportation company’s stock valued at $9,958,000 after purchasing an additional 956 shares during the last quarter. Tredje AP fonden boosted its holdings in United Parcel Service by 42.4% in the 2nd quarter. Tredje AP fonden now owns 87,310 shares of the transportation company’s stock valued at $9,656,000 after purchasing an additional 26,010 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in United Parcel Service by 3.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 40,831 shares of the transportation company’s stock valued at $4,516,000 after purchasing an additional 1,373 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in United Parcel Service in the 2nd quarter valued at about $2,087,000. Institutional investors own 52.87% of the company’s stock.

Several equities analysts have weighed in on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. BidaskClub lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.22.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $115.46 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.12 and a current ratio of 1.06. The company has a market capitalization of $101,205.69, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.10 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, November 10th. United Parcel Service’s payout ratio is currently 81.37%.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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