United Parcel Service, Inc. (UPS) Holdings Raised by Raymond James Trust N.A.
Raymond James Trust N.A. grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,288 shares of the transportation company’s stock after acquiring an additional 2,414 shares during the quarter. Raymond James Trust N.A.’s holdings in United Parcel Service were worth $4,920,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in UPS. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United Parcel Service during the third quarter worth about $120,000. Resources Investment Advisors Inc. grew its holdings in shares of United Parcel Service by 51.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after buying an additional 418 shares in the last quarter. Choate Investment Advisors bought a new position in shares of United Parcel Service during the second quarter worth about $203,000. First Midwest Bank Trust Division acquired a new position in United Parcel Service during the third quarter valued at approximately $203,000. Finally, Brightworth acquired a new position in United Parcel Service during the third quarter valued at approximately $203,000. Institutional investors own 53.55% of the company’s stock.
UPS has been the subject of several recent research reports. Loop Capital increased 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. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Morgan Stanley increased their price target on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Knight Equity reissued a “buy” rating and set a $135.00 price target (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Oppenheimer reissued a “buy” rating and set a $123.00 price target on shares of United Parcel Service in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.47.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. During the same period last year, the firm posted $1.63 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. sell-side analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.38%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 59.18%.
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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