Wrapmanager Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 68.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,609 shares of the transportation company’s stock after acquiring an additional 4,317 shares during the period. Wrapmanager Inc.’s holdings in United Parcel Service were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in UPS. State of Wisconsin Investment Board grew its position in United Parcel Service by 50.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management grew its position in United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after purchasing an additional 4,541 shares during the period. Wesbanco Bank Inc. grew its position in United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares during the period. Vanguard Group Inc. grew its position in United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after purchasing an additional 1,030,326 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in United Parcel Service in the 3rd quarter worth approximately $8,978,000. 53.49% of the stock is owned by institutional investors.
Shares of United Parcel Service, Inc. (UPS) opened at $118.26 on Wednesday. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $125.16. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $102,235.64, a price-to-earnings ratio of 28.99, a PEG ratio of 2.13 and a beta of 0.92.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.
A number of equities research analysts have commented on UPS shares. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Sunday, October 1st. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Bank of America reissued a “neutral” rating and set a $124.00 price objective (up previously from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $121.39.
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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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