Seaward Management Limited Partnership raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,798 shares of the transportation company’s stock after acquiring an additional 2,215 shares during the quarter. Seaward Management Limited Partnership’s holdings in United Parcel Service were worth $19,278,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service during the third quarter valued at about $120,000. Security National Trust Co. lifted its stake in United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares in the last quarter. Resources Investment Advisors Inc. lifted its stake in United Parcel Service by 51.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares in the last quarter. Choate Investment Advisors purchased a new stake in United Parcel Service during the second quarter valued at about $203,000. Finally, First Midwest Bank Trust Division purchased a new stake in United Parcel Service during the third quarter valued at about $203,000. 53.51% of the stock is owned by institutional investors.
A number of research firms have commented on UPS. Robert W. Baird reaffirmed a “hold” rating and set a $130.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 9th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective (up 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. Morgan Stanley upped their price objective on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Oppenheimer reaffirmed a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a research note on Monday, November 6th. Finally, BMO Capital Markets upped their price objective on shares of 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $126.47.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The company had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. sell-side analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a $0.91 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.33%. United Parcel Service’s dividend payout ratio is currently 59.18%.
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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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