Sterling Capital Management LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 777,796 shares of the transportation company’s stock after selling 11,678 shares during the quarter. United Parcel Service accounts for about 0.8% of Sterling Capital Management LLC’s holdings, making the stock its 29th biggest position. Sterling Capital Management LLC owned approximately 0.09% of United Parcel Service worth $92,674,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in UPS. Sawyer & Company Inc bought a new stake in shares of United Parcel Service during the 4th quarter worth $2,779,000. Crossmark Global Holdings Inc. bought a new stake in shares of United Parcel Service during the 3rd quarter worth $8,978,000. BP PLC boosted its holdings in shares of United Parcel Service by 47.3% during the 3rd quarter. BP PLC now owns 81,000 shares of the transportation company’s stock worth $9,726,000 after buying an additional 26,000 shares during the period. Stifel Financial Corp boosted its holdings in shares of United Parcel Service by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 604,567 shares of the transportation company’s stock worth $72,523,000 after buying an additional 24,867 shares during the period. Finally, Employees Retirement System of Texas boosted its holdings in shares of United Parcel Service by 7.6% during the 2nd quarter. Employees Retirement System of Texas now owns 85,000 shares of the transportation company’s stock worth $9,400,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 54.03% of the company’s stock.
A number of brokerages have weighed in on UPS. Credit Suisse Group reissued a “hold” rating and issued a $137.00 price target on shares of United Parcel Service in a report on Wednesday, January 17th. Robert W. Baird reissued a “hold” rating and issued a $130.00 price target on shares of United Parcel Service in a report on Tuesday, January 9th. Deutsche Bank reissued a “buy” rating and issued a $145.00 price target (up from $135.00) on shares of United Parcel Service in a report on Monday, January 8th. Knight Equity reissued a “buy” rating and issued a $135.00 price target (down from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Finally, BMO Capital Markets increased their price target on shares of United Parcel Service to $130.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $125.21.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. The company had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. equities research analysts predict that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 64.77%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is currently owned by company 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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