Lebenthal Asset Management LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.9% during the fourth quarter, Holdings Channel reports. The firm owned 8,293 shares of the company’s stock after buying an additional 1,135 shares during the period. Lebenthal Asset Management LLC’s holdings in United Parcel Service were worth $951,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in UPS. Security National Trust Co. raised its stake in shares of United Parcel Service by 3.8% in the third quarter. Security National Trust Co. now owns 1,099 shares of the company’s stock valued at $120,000 after buying an additional 40 shares during the last quarter. Lombard Odier & Cie Canada Limited Partnership bought a new stake in shares of United Parcel Service during the third quarter valued at about $120,000. Hirtle Callaghan & Co LLC bought a new stake in shares of United Parcel Service during the third quarter valued at about $123,000. Financial Architects Inc raised its stake in shares of United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock valued at $124,000 after buying an additional 202 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $125,000. Institutional investors own 53.19% of the company’s stock.
United Parcel Service, Inc. (NYSE:UPS) opened at 104.78 on Tuesday. United Parcel Service, Inc. has a 52 week low of $100.05 and a 52 week high of $120.44. The company has a 50 day moving average of $106.63 and a 200 day moving average of $110.79. The stock has a market capitalization of $91.16 billion, a P/E ratio of 27.07 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 31st. The company reported $1.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by $0.06. The firm earned $16.98 billion during the quarter, compared to analysts’ expectations of $17.01 billion. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post $5.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 21st were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.17%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, February 16th. United Parcel Service’s dividend payout ratio is currently 80.62%.
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Several brokerages have issued reports on UPS. Credit Suisse Group AG reiterated a “hold” rating and set a $110.00 target price on shares of United Parcel Service in a research report on Sunday, February 5th. Loop Capital reiterated a “hold” rating and set a $116.00 target price (down from $124.00) on shares of United Parcel Service in a research report on Tuesday, February 7th. Aegis reiterated a “buy” rating on shares of United Parcel Service in a research report on Thursday, February 23rd. Wells Fargo & Co began coverage on shares of United Parcel Service in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 target price for the company. Finally, Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $113.47.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $104.85, for a total value of $471,825.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.
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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