Ingalls & Snyder LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,780 shares of the transportation company’s stock after selling 450 shares during the quarter. Ingalls & Snyder LLC’s holdings in United Parcel Service were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. First PREMIER Bank grew its stake in United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in United Parcel Service during the 1st quarter valued at about $126,000. Parkside Financial Bank & Trust grew its stake in United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares in the last quarter. Finally, Security National Trust Co. grew its stake in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares in the last quarter. 53.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Parcel Service, Inc. (NYSE UPS) traded down $2.08 during midday trading on Thursday, hitting $118.29. The company had a trading volume of 3,346,900 shares, compared to its average volume of 2,719,689. The company has a market cap of $103,726.44, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $125.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.81%. United Parcel Service’s payout ratio is 81.37%.
Several equities analysts have weighed in on the company. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and set a $123.00 target price on shares of United Parcel Service in a research note on Monday, November 6th. BMO Capital Markets lifted their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co lifted their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $121.45.
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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.
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