Dearborn Partners LLC Has $24.29 Million Holdings in United Parcel Service, Inc. (UPS)

Dearborn Partners LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 203,828 shares of the transportation company’s stock after selling 4,882 shares during the quarter. United Parcel Service accounts for 1.7% of Dearborn Partners LLC’s investment portfolio, making the stock its 16th biggest holding. Dearborn Partners LLC’s holdings in United Parcel Service were worth $24,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of UPS. SNS Financial Group LLC boosted its position in United Parcel Service by 0.5% in the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after buying an additional 24 shares during the last quarter. Riverhead Capital Management LLC boosted its position in United Parcel Service by 0.4% in the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after buying an additional 44 shares during the last quarter. Security National Trust Co. boosted its position in United Parcel Service by 3.9% in 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 during the last quarter. Davidson & Garrard Inc. boosted its position in United Parcel Service by 3.1% in the second quarter. Davidson & Garrard Inc. now owns 1,929 shares of the transportation company’s stock valued at $213,000 after buying an additional 58 shares during the last quarter. Finally, AMG Funds LLC boosted its position in United Parcel Service by 0.4% in the second quarter. AMG Funds LLC now owns 15,594 shares of the transportation company’s stock valued at $1,725,000 after buying an additional 68 shares during the last quarter. Institutional investors own 53.51% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $106.39 on Monday. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $135.53. The company has a market capitalization of $91,680.00, a P/E ratio of 18.96, a P/E/G ratio of 1.59 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. United Parcel Service’s payout ratio is presently 59.18%.

A number of equities research analysts recently commented on the company. Morgan Stanley upped their target price on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. BMO Capital Markets boosted their price target on United Parcel Service to $130.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target for the company in a report on Thursday, February 1st. Credit Suisse Group reissued a “hold” rating and issued a $137.00 price target on shares of United Parcel Service in a report on Wednesday, January 17th. Finally, Robert W. Baird reissued a “hold” rating and issued a $130.00 price target on shares of United Parcel Service in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $126.47.

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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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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