United Parcel Service, Inc. (UPS) Position Held by Connors Investor Services Inc.
Connors Investor Services Inc. maintained its stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,681 shares of the transportation company’s stock at the close of the second quarter. Connors Investor Services Inc.’s holdings in United Parcel Service were worth $739,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of UPS. BlackRock Inc. boosted its holdings in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after buying an additional 4,340,971 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after buying an additional 1,446,749 shares during the last quarter. Vanguard Group Inc. boosted its holdings in United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of United Parcel Service by 5.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after purchasing an additional 1,246,981 shares in the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.
Several equities analysts have recently weighed in on UPS shares. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. The Goldman Sachs Group, Inc. started coverage on United Parcel Service in a report on Monday. They set a “buy” rating and a $148.00 price objective on the stock. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Finally, BidaskClub cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $120.74.
United Parcel Service, Inc. (NYSE UPS) opened at $113.70 on Friday. The firm has a market capitalization of $97,280.70, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. sell-side analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.
In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by insiders.
United Parcel Service Company 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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