Arrow Financial Corp trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,272 shares of the transportation company’s stock after selling 1,685 shares during the period. Arrow Financial Corp’s holdings in United Parcel Service were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State of Wisconsin Investment Board raised its position in shares of United Parcel Service by 50.0% in the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after buying an additional 239,350 shares in the last quarter. Brookstone Capital Management raised its position in shares of United Parcel Service by 9.0% in the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after buying an additional 4,541 shares in the last quarter. Wesbanco Bank Inc. raised its position in shares of United Parcel Service by 9.4% in the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after buying an additional 5,325 shares in the last quarter. Vanguard Group Inc. raised its position in shares of United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. Finally, Dividend Assets Capital LLC purchased a new stake in shares of United Parcel Service in the second quarter worth $575,000. 53.67% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on UPS. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday. Goldman Sachs Group initiated coverage on United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective on the stock. Oppenheimer restated a “buy” rating and set a $123.00 price target on shares of United Parcel Service in a research report on Monday, November 6th. UBS raised their price target on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Loop Capital raised their price target on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $121.45.
Shares of United Parcel Service, Inc. (UPS) traded down $2.08 during trading hours on Thursday, hitting $118.29. The stock had a trading volume of 3,346,900 shares, compared to its average volume of 2,719,689. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $125.16. The company has a market capitalization of $103,726.44, a PE ratio of 20.13, a P/E/G ratio of 2.16 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 81.37%.
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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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