Fisher Asset Management LLC increased its stake in United Parcel Service Inc. (NYSE:UPS) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,489 shares of the company’s stock after buying an additional 5,088 shares during the period. Fisher Asset Management LLC’s holdings in United Parcel Service were worth $31,331,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,465 shares of the company’s stock valued at $157,000 after buying an additional 5 shares during the period. Savant Capital LLC raised its position in United Parcel Service by 0.3% in the second quarter. Savant Capital LLC now owns 3,490 shares of the company’s stock valued at $376,000 after buying an additional 10 shares during the period. Trust Department MB Financial Bank N A raised its position in United Parcel Service by 0.7% in the second quarter. Trust Department MB Financial Bank N A now owns 2,130 shares of the company’s stock valued at $206,000 after buying an additional 15 shares during the period. Perigon Wealth Management LLC increased its position in shares of United Parcel Service by 0.3% in the second quarter. Perigon Wealth Management LLC now owns 4,348 shares of the company’s stock valued at $468,000 after buying an additional 15 shares in the last quarter. Finally, Bollard Group LLC increased its position in shares of United Parcel Service by 0.7% in the second quarter. Bollard Group LLC now owns 2,174 shares of the company’s stock valued at $234,000 after buying an additional 16 shares in the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

United Parcel Service Inc. (NYSE:UPS) traded down 0.45% during mid-day trading on Monday, hitting $115.74. The stock had a trading volume of 1,609,056 shares. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $116.47. The firm’s 50-day moving average is $110.21 and its 200 day moving average is $107.97.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The firm earned $14.93 billion during the quarter, compared to analyst estimates of $14.72 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts forecast that United Parcel Service Inc. will post $5.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, November 9th. United Parcel Service’s dividend payout ratio is 55.52%.

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UPS has been the subject of several research analyst reports. Morgan Stanley set a $91.00 target price on United Parcel Service and gave the stock a “sell” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 target price (up from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. Argus lifted their target price on United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Barclays PLC lifted their target price on United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Finally, William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.40.

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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

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