Strategic Advisors LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 38.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,130 shares of the company’s stock after buying an additional 4,225 shares during the period. Strategic Advisors LLC’s holdings in United Parcel Service were worth $1,456,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Iowa State Bank increased its position in United Parcel Service by 1.5% in the fourth quarter. Iowa State Bank now owns 80,145 shares of the company’s stock worth $7,712,000 after buying an additional 1,209 shares in the last quarter. Capstone Asset Management Company raised its position in United Parcel Service by 2.2% in the fourth quarter. Capstone Asset Management Company now owns 70,257 shares of the company’s stock worth $6,761,000 after buying an additional 1,513 shares during the last quarter. Capital Planning Advisors LLC raised its position in United Parcel Service by 1.4% in the fourth quarter. Capital Planning Advisors LLC now owns 4,840 shares of the company’s stock worth $466,000 after buying an additional 65 shares during the last quarter. Reynolds Capital Management raised its position in United Parcel Service by 24.1% in the fourth quarter. Reynolds Capital Management now owns 3,600 shares of the company’s stock worth $346,000 after buying an additional 700 shares during the last quarter. Finally, Proficio Capital Partners purchased a new position in United Parcel Service during the fourth quarter worth about $294,000.
United Parcel Service, Inc. (NYSE:UPS) opened at 100.40 on Friday. The company’s 50-day moving average is $95.14 and its 200 day moving average is $98.92. United Parcel Service, Inc. has a one year low of $87.30 and a one year high of $107.32. The company has a market capitalization of $88.79 billion and a P/E ratio of 18.77.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, February 2nd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.15. During the same period last year, the company posted $1.25 earnings per share. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $16.28 billion. The business’s revenue was up 1.0% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post $5.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 9th. Shareholders of record on Monday, February 22nd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.11%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, February 18th.
A number of research analysts recently issued reports on the stock. Oppenheimer lowered their target price on shares of United Parcel Service from $112.00 to $109.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 3rd. William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, February 2nd. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, January 11th. Robert W. Baird lowered their target price on shares of United Parcel Service from $111.00 to $105.00 in a research note on Friday, December 18th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $100.00 target price (down from $108.00) on shares of United Parcel Service in a research note on Monday, January 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $109.18.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $97.85, for a total transaction of $440,325.00. Following the sale, the senior vice president now directly owns 53,619 shares of the company’s stock, valued at $5,246,619.15. The transaction was disclosed in a legal filing with the Securities Exchange Commission, which is accessible through this hyperlink. Also, Director D Scott Davis sold 33,713 shares of the company’s stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $97.57, for a total transaction of $3,289,377.41. Following the sale, the director now directly owns 265,559 shares in the company, valued at $25,910,591.63. The disclosure for this sale can be found here.
United Parcel Service, Inc is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers’ inventories and supply chains via its UPS technology platform.
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