Personal Capital Advisors Corp raised its position in United Parcel Service, Inc. (NYSE:UPS) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,256 shares of the transportation company’s stock after buying an additional 28,105 shares during the period. Personal Capital Advisors Corp’s holdings in United Parcel Service were worth $26,535,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Banco Santander S.A. purchased a new stake in United Parcel Service during the fourth quarter valued at about $2,293,000. Leisure Capital Management increased its stake in United Parcel Service by 5.3% in the third quarter. Leisure Capital Management now owns 17,811 shares of the transportation company’s stock valued at $1,948,000 after buying an additional 892 shares during the period. Pegasus Partners Ltd. increased its stake in United Parcel Service by 14.1% in the third quarter. Pegasus Partners Ltd. now owns 17,852 shares of the transportation company’s stock valued at $1,952,000 after buying an additional 2,212 shares during the period. Morgan Stanley increased its stake in United Parcel Service by 19.1% in the third quarter. Morgan Stanley now owns 2,876,952 shares of the transportation company’s stock valued at $314,622,000 after buying an additional 462,089 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock valued at $64,420,000 after buying an additional 19,369 shares during the period. 53.19% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The business had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. During the same quarter in the prior year, the business posted $1.27 EPS. United Parcel Service’s revenue for the quarter was up 6.2% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 11th. This represents a $3.32 dividend on an annualized basis and a yield of 3.21%. United Parcel Service’s payout ratio is presently 80.62%.
Several analysts recently issued reports on the company. TheStreet downgraded United Parcel Service from an “a-” rating to a “c” rating in a research note on Thursday, February 2nd. Aegis upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Wednesday, February 8th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 target price on shares of United Parcel Service in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Finally, Loop Capital reiterated a “hold” rating and set a $116.00 target price (down from $124.00) on shares of United Parcel Service in a research report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $114.00.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $104.85, for a total value of $471,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.
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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