Conservest Capital Advisors Inc. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,890 shares of the transportation company’s stock, valued at approximately $310,000.
Other hedge funds have also recently modified their holdings of the company. Banco Santander S.A. bought a new stake in United Parcel Service during the fourth quarter valued at about $2,293,000. Chevy Chase Trust Holdings Inc. raised its position 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 worth $64,420,000 after buying an additional 19,369 shares during the period. Atlas Brown Inc. increased its stake in United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock worth $246,000 after buying an additional 20 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in United Parcel Service during the fourth quarter worth approximately $880,000. Finally, BTIM Corp. increased its stake in United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock worth $50,501,000 after buying an additional 7,066 shares in the last quarter. 53.10% of the stock is owned by institutional investors.
United Parcel Service, Inc. (UPS) traded up 0.03% during midday trading on Tuesday, reaching $111.89. The company had a trading volume of 2,808,885 shares. The firm’s 50 day moving average is $110.66 and its 200 day moving average is $108.10. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The stock has a market capitalization of $96.78 billion, a PE ratio of 27.51 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s payout ratio is 81.57%.
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A number of brokerages have issued reports on UPS. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $111.86 to $128.00 in a report on Tuesday. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $114.79.
In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.
About United Parcel Service
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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