Ontario Teachers Pension Plan Board raised its holdings in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 216.6% in the third quarter, Holdings Channel reports. The fund owned 7,852 shares of the transportation company’s stock after acquiring an additional 5,372 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Parcel Service were worth $1,268,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. S&T Bank PA grew its stake in United Parcel Service by 1.2% in the second quarter. S&T Bank PA now owns 4,300 shares of the transportation company’s stock valued at $785,000 after acquiring an additional 50 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of United Parcel Service by 2.5% in the second quarter. Navellier & Associates Inc. now owns 2,211 shares of the transportation company’s stock valued at $404,000 after purchasing an additional 54 shares in the last quarter. Investment Partners LTD. lifted its holdings in shares of United Parcel Service by 3.0% in the second quarter. Investment Partners LTD. now owns 1,985 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 57 shares in the last quarter. SkyOak Wealth LLC lifted its holdings in shares of United Parcel Service by 0.4% in the third quarter. SkyOak Wealth LLC now owns 13,547 shares of the transportation company’s stock valued at $2,188,000 after purchasing an additional 60 shares in the last quarter. Finally, Summit Asset Management LLC lifted its holdings in shares of United Parcel Service by 1.7% in the third quarter. Summit Asset Management LLC now owns 3,579 shares of the transportation company’s stock valued at $578,000 after purchasing an additional 60 shares in the last quarter. 58.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Evercore ISI boosted their price target on United Parcel Service from $181.00 to $203.00 and gave the company an “in-line” rating in a report on Monday, December 19th. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Susquehanna Bancshares upped their target price on United Parcel Service from $160.00 to $165.00 in a report on Wednesday, October 26th. Raymond James dropped their target price on United Parcel Service from $210.00 to $207.00 and set a “strong-buy” rating on the stock in a report on Wednesday, February 1st. Finally, Cowen upped their target price on United Parcel Service from $187.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $195.48.
United Parcel Service Trading Down 0.4 %
NYSE:UPS opened at $183.21 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $158.46 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. The firm’s 50 day moving average is $180.81 and its 200 day moving average is $180.99. United Parcel Service, Inc. has a 12 month low of $154.87 and a 12 month high of $223.97.
United Parcel Service (NYSE:UPS – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The transportation company reported $3.62 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.03. The business had revenue of $27 billion during the quarter, compared to analyst estimates of $28.03 billion. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. United Parcel Service’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 11.59 earnings per share for the current year.
United Parcel Service Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 21st will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 17th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.52. This represents a $6.48 annualized dividend and a yield of 3.54%. United Parcel Service’s payout ratio is 46.06%.
United Parcel Service announced that its board has authorized a stock repurchase program on Tuesday, January 31st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the transportation company to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
United Parcel Service Profile
United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
Further Reading
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