American National Insurance Co. TX maintained its stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,700 shares of the company’s stock at the end of the fourth quarter. American National Insurance Co. TX’s holdings in United Parcel Service were worth $11,774,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of UPS. State Street Corp boosted its stake in United Parcel Service by 4.0% in the fourth quarter. State Street Corp now owns 28,520,469 shares of the company’s stock valued at $3,269,589,000 after buying an additional 1,107,157 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in United Parcel Service by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,731,735 shares of the company’s stock valued at $2,048,503,000 after buying an additional 325,163 shares in the last quarter. FMR LLC boosted its stake in United Parcel Service by 6.9% in the fourth quarter. FMR LLC now owns 15,510,332 shares of the company’s stock valued at $1,778,104,000 after buying an additional 1,005,022 shares in the last quarter. BlackRock Fund Advisors boosted its stake in United Parcel Service by 2.2% in the third quarter. BlackRock Fund Advisors now owns 11,491,304 shares of the company’s stock valued at $1,256,689,000 after buying an additional 243,859 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in United Parcel Service by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 7,169,878 shares of the company’s stock valued at $784,038,000 after buying an additional 469,677 shares in the last quarter. 53.19% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service, Inc. (NYSE:UPS) opened at 104.78 on Tuesday. The stock has a market capitalization of $91.16 billion, a price-to-earnings ratio of 27.07 and a beta of 0.91. The stock’s 50 day moving average price is $106.63 and its 200 day moving average price is $110.79. United Parcel Service, Inc. has a 52-week low of $100.05 and a 52-week high of $120.44.
United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 31st. The company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by $0.06. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The company earned $16.98 billion during the quarter, compared to analysts’ expectations of $17.01 billion. During the same period in the previous year, the company posted $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post $5.95 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 21st were paid a $0.83 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $3.32 dividend on an annualized basis and a yield of 3.17%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.78. United Parcel Service’s dividend payout ratio is presently 80.62%.
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UPS has been the subject of several recent research reports. Wells Fargo & Co initiated coverage on United Parcel Service in a report on Monday, March 13th. They issued a “market perform” rating and a $115.00 price target for the company. TheStreet cut United Parcel Service from an “a-” rating to a “c” rating in a research note on Thursday, February 2nd. Vetr raised United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 target price for the company in a research note on Tuesday, January 3rd. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $110.00 target price on shares of United Parcel Service in a research note on Sunday, February 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $113.47.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was 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 SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate 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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