Accredited Investors Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,192 shares of the transportation company’s stock after purchasing an additional 848 shares during the period. United Parcel Service makes up 1.0% of Accredited Investors Inc.’s investment portfolio, making the stock its 25th largest holding. Accredited Investors Inc.’s holdings in United Parcel Service were worth $4,310,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of UPS. Orrstown Financial Services Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Reilly Financial Advisors LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Larson Financial Group LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Financial Advantage Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $39,000. Finally, Private Ocean LLC increased its position in shares of United Parcel Service by 55.3% during the 4th quarter. Private Ocean LLC now owns 466 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 54.88% of the company’s stock.
Several brokerages recently weighed in on UPS. Morgan Stanley decreased their price objective on United Parcel Service from $92.00 to $87.00 and set a “sell” rating for the company in a report on Tuesday, December 4th. Standpoint Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a report on Wednesday, March 6th. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Finally, Berenberg Bank reissued a “hold” rating and issued a $125.00 price objective on shares of United Parcel Service in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $123.41.
Shares of NYSE UPS opened at $107.92 on Thursday. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 6.56. The stock has a market capitalization of $92.85 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.67 and a beta of 1.21.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping the 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 the consensus estimate of $19.92 billion. During the same quarter last year, the company earned $1.67 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Monday, February 25th. This represents a $3.84 annualized dividend and a yield of 3.56%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.91. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.
In other news, CFO Richard N. Peretz sold 9,112 shares of United Parcel Service stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total transaction of $1,013,072.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.
United Parcel Service Company Profile
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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