Voya Investment Management LLC Has $48.39 Million Stake in United Parcel Service, Inc. (UPS)

Voya Investment Management LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,566 shares of the transportation company’s stock after acquiring an additional 18,989 shares during the quarter. Voya Investment Management LLC owned about 0.05% of United Parcel Service worth $48,391,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State of Wisconsin Investment Board increased its holdings in shares of United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after acquiring an additional 239,350 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after acquiring an additional 5,325 shares in the last quarter. Bank of The Ozarks increased its holdings in shares of United Parcel Service by 17.9% during the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after acquiring an additional 886 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares in the last quarter. Hedge funds and other institutional investors own 53.11% of the company’s stock.

UPS has been the subject of several analyst reports. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 price objective on shares of United Parcel Service in a report on Tuesday, August 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $120.74.

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Shares of United Parcel Service, Inc. (UPS) opened at $113.20 on Tuesday. The stock has a market capitalization of $97,690.00, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. equities research analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. United Parcel Service’s payout ratio is currently 81.57%.

United Parcel Service 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.

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

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