World Asset Management Inc boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,084 shares of the transportation company’s stock after buying an additional 12,326 shares during the period. World Asset Management Inc’s holdings in United Parcel Service were worth $8,271,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in UPS. State Street Corp raised its stake in United Parcel Service by 4.0% in the fourth quarter. State Street Corp now owns 28,520,469 shares of the transportation company’s stock worth $3,269,589,000 after buying an additional 1,107,157 shares in the last quarter. FMR LLC raised its stake in United Parcel Service by 6.9% in the fourth quarter. FMR LLC now owns 15,510,332 shares of the transportation company’s stock worth $1,778,104,000 after buying an additional 1,005,022 shares in the last quarter. Norges Bank bought a new stake in United Parcel Service during the fourth quarter worth $696,564,000. Loomis Sayles & Co. L P raised its stake in United Parcel Service by 5.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 5,519,845 shares of the transportation company’s stock worth $632,795,000 after buying an additional 262,555 shares in the last quarter. Finally, Parnassus Investments CA raised its stake in United Parcel Service by 4.5% in the first quarter. Parnassus Investments CA now owns 4,749,069 shares of the transportation company’s stock worth $493,178,000 after buying an additional 204,506 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors.
United Parcel Service, Inc. (UPS) opened at 110.27 on Friday. The firm has a 50-day moving average of $106.67 and a 200 day moving average of $109.22. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The firm has a market cap of $95.69 billion, a P/E ratio of 28.17 and a beta of 0.89. United Parcel Service also was the target of unusually large options trading activity on Friday. Stock traders bought 6,398 call options on the company. This represents an increase of 675% compared to the typical daily volume of 826 call options.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The business had revenue of $15.32 billion for the quarter, compared to the consensus estimate of $15.19 billion. During the same period in the previous year, the firm earned $1.27 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post $5.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a $0.83 dividend. The ex-dividend date was Thursday, May 11th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.01%. United Parcel Service’s payout ratio is currently 84.69%.
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A number of analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on United Parcel Service in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 price objective on the stock. Seaport Global Securities assumed coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $111.00 price objective (up previously from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $114.00.
In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by insiders.
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. 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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