Sound View Wealth Advisors LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,606 shares of the transportation company’s stock, valued at approximately $352,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in United Parcel Service by 93.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,623 shares of the transportation company’s stock valued at $1,007,000 after acquiring an additional 4,167 shares in the last quarter. Janus Henderson Group PLC grew its position in United Parcel Service by 1.9% in the 3rd quarter. Janus Henderson Group PLC now owns 2,372,438 shares of the transportation company’s stock valued at $276,983,000 after acquiring an additional 44,222 shares in the last quarter. Carmichael Hill & Associates Inc. acquired a new position in United Parcel Service in the 3rd quarter valued at about $210,000. Girard Partners LTD. grew its position in United Parcel Service by 1.7% in the 3rd quarter. Girard Partners LTD. now owns 28,482 shares of the transportation company’s stock valued at $3,325,000 after acquiring an additional 488 shares in the last quarter. Finally, CI Investments Inc. grew its position in United Parcel Service by 8.2% in the 3rd quarter. CI Investments Inc. now owns 603,743 shares of the transportation company’s stock valued at $70,487,000 after acquiring an additional 45,945 shares in the last quarter. 54.88% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard N. Peretz sold 9,112 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.03. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. The business had revenue of $19.85 billion during the quarter, compared to analysts’ expectations of $19.92 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, February 25th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.91. United Parcel Service’s dividend payout ratio is 53.04%.
Several equities analysts have weighed in on UPS shares. Credit Suisse Group lifted their target price on United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Barclays reissued a “hold” rating and set a $112.00 price objective on shares of United Parcel Service in a research report on Tuesday, January 29th. Bank of America reissued a “neutral” rating and set a $112.00 price objective (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Finally, Standpoint Research started coverage on United Parcel Service in a research report on Wednesday, December 26th. They set a “buy” rating and a $89.89 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $123.41.
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About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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