Accredited Investors Inc. Purchases 848 Shares of United Parcel Service, Inc. (UPS)

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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.

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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.

Further Reading: Do closed-end mutual funds pay dividends?

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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