British Columbia Investment Management Corp Decreases Position in United Parcel Service Inc. (UPS)
British Columbia Investment Management Corp lowered its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,914 shares of the company’s stock after selling 59,664 shares during the period. British Columbia Investment Management Corp’s holdings in United Parcel Service were worth $41,001,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Americafirst Capital Management LLC purchased a new stake in United Parcel Service during the second quarter worth $102,000. Security National Trust Co. increased its stake in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares in the last quarter. Advisory Services Network LLC increased its stake in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares in the last quarter. Kanaly Trust Co increased its stake in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake 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 worth $157,000 after buying an additional 5 shares in the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Inc. (NYSE:UPS) traded up 0.42% during midday trading on Wednesday, hitting $116.77. 323,835 shares of the stock traded hands. The firm’s 50 day moving average is $110.40 and its 200-day moving average is $108.14. United Parcel Service Inc. has a 12-month low of $87.30 and a 12-month high of $116.96. The stock has a market capitalization of $101.90 billion, a PE ratio of 20.81 and a beta of 0.89.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The business earned $14.93 billion during the quarter, compared to analysts’ expectations of $14.72 billion. During the same period last year, the business earned $1.39 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that United Parcel Service Inc. will post $5.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. United Parcel Service’s dividend payout ratio is presently 55.52%.
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UPS has been the subject of a number of research reports. BMO Capital Markets initiated coverage on United Parcel Service in a report on Thursday, November 17th. They set an “outperform” rating and a $125.00 target price for the company. They noted that the move was a valuation call. 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 report on Monday, September 12th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a report on Friday, November 25th. Finally, Vetr downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 target price for the company. in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus target price 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.
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