Princeton Capital Management Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 47.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,338 shares of the transportation company’s stock after buying an additional 16,517 shares during the period. United Parcel Service comprises about 3.1% of Princeton Capital Management Inc.’s holdings, making the stock its 13th largest position. Princeton Capital Management Inc.’s holdings in United Parcel Service were worth $6,165,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. First PREMIER Bank increased its position in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after purchasing an additional 50 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of United Parcel Service during the third quarter worth about $120,000. Winslow Evans & Crocker Inc. increased its position in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares in the last quarter. Parkside Financial Bank & Trust increased its position in United Parcel Service by 14.1% in 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 during the period. Finally, Security National Trust Co. increased its position in United Parcel Service by 3.9% in 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 during the period. Institutional investors own 53.49% of the company’s stock.
UPS has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Loop Capital boosted their price target on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Friday, October 6th. Credit Suisse Group restated a “hold” rating and issued a $116.00 price target (up previously from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $121.45.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share 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 for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.
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About United Parcel Service
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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