Halsey Associates Inc. CT grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 105,044 shares of the transportation company’s stock after buying an additional 2,790 shares during the period. United Parcel Service makes up 2.1% of Halsey Associates Inc. CT’s holdings, making the stock its 22nd biggest holding. Halsey Associates Inc. CT’s holdings in United Parcel Service were worth $12,516,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BRYN MAWR TRUST Co boosted its holdings in United Parcel Service by 1.0% in the fourth quarter. BRYN MAWR TRUST Co now owns 152,153 shares of the transportation company’s stock worth $18,129,000 after acquiring an additional 1,578 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in United Parcel Service by 24.1% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 138,900 shares of the transportation company’s stock worth $16,550,000 after acquiring an additional 27,000 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in United Parcel Service by 4.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 20,349 shares of the transportation company’s stock worth $2,189,000 after acquiring an additional 944 shares in the last quarter. Meitav Dash Investments Ltd. acquired a new stake in United Parcel Service in the fourth quarter worth about $357,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in United Parcel Service in the fourth quarter worth about $374,000. 54.03% of the stock is owned by institutional investors and hedge funds.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up $0.31 during mid-day trading on Tuesday, reaching $108.77. The company had a trading volume of 180,616 shares, compared to its average volume of 5,093,133. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $95,561.50, a PE ratio of 19.30, a P/E/G ratio of 1.66 and a beta of 1.06. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53.
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 consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. United Parcel Service’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $1.63 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th were given a dividend of $0.91 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 64.77%.
In related news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by company insiders.
Several brokerages have weighed in on UPS. Loop Capital raised their price target on United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Stifel Nicolaus upgraded United Parcel Service from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $127.00 to $121.00 in a research note on Tuesday, March 6th. Knight Equity cut United Parcel Service from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $115.00 in a research note on Thursday, February 22nd. Finally, Deutsche Bank cut United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price objective for the company. in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $125.21.
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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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