Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,900 shares of the transportation company’s stock after purchasing an additional 27,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in United Parcel Service were worth $16,550,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of UPS. Focused Wealth Management Inc purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $106,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $120,000. Resources Investment Advisors Inc. increased its stake in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after purchasing an additional 418 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $195,000. Finally, First Midwest Bank Trust Division purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $203,000. 54.03% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on UPS shares. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $135.00 in a research note on Monday, December 4th. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a research note on Tuesday, December 26th. Knight Equity restated a “buy” rating and set a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Robert W. Baird restated a “hold” rating and set a $130.00 target price on shares of United Parcel Service in a research report on Tuesday, January 9th. Finally, Credit Suisse Group restated a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $125.21.
United Parcel Service stock opened at $107.65 on Thursday. The firm has a market cap of $93,080.05, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $135.53. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 19.69.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. United Parcel Service’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. equities research analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio (DPR) is 64.77%.
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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.
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