WFG Advisors LP Has $430,000 Position in United Parcel Service, Inc. (UPS)

WFG Advisors LP increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,893 shares of the transportation company’s stock after buying an additional 386 shares during the quarter. WFG Advisors LP’s holdings in United Parcel Service were worth $430,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UPS. BlackRock Inc. lifted its stake in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after purchasing an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC lifted its stake in United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after purchasing an additional 4,340,971 shares during the last quarter. Janus Henderson Group PLC lifted its stake in United Parcel Service by 775.8% during the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock worth $305,978,000 after purchasing an additional 2,450,868 shares during the last quarter. Federated Investors Inc. PA lifted its stake in United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after purchasing an additional 1,446,749 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in United Parcel Service by 119.6% during the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after purchasing an additional 1,419,245 shares during the last quarter. 53.67% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. UBS upped their target price on United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $135.00 in a research note on Monday. Robert W. Baird restated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen upped their target price on United Parcel Service from $115.00 to $124.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, Stifel Nicolaus upped their target price on United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $121.45.

Shares of United Parcel Service, Inc. (NYSE UPS) traded down $1.14 on Monday, hitting $120.31. The stock had a trading volume of 3,141,900 shares, compared to its average volume of 2,704,977. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $122.00. The company has a market cap of $103,674.73, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s payout ratio is 81.37%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.com-unik.info/2017/12/04/wfg-advisors-lp-has-430000-position-in-united-parcel-service-inc-ups.html.

United Parcel Service Company 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)

What are top analysts saying about United Parcel Service Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Parcel Service Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit