D.A. Davidson & CO. Has $9.86 Million Holdings in United Parcel Service, Inc. (UPS)

D.A. Davidson & CO. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,158 shares of the transportation company’s stock after purchasing an additional 11,774 shares during the period. D.A. Davidson & CO.’s holdings in United Parcel Service were worth $9,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. BlackRock Inc. increased its holdings in shares of 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 in the last quarter. Wellington Management Group LLP increased its holdings in shares of United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of United Parcel Service by 10.0% during the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after buying an additional 593,756 shares in the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.

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Several analysts have recently weighed in on the stock. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective (up previously from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. BMO Capital Markets raised their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, J P Morgan Chase & Co raised their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $120.74.

United Parcel Service, Inc. (NYSE:UPS) opened at $114.07 on Wednesday. The firm has a market cap of $98,935.22, a price-to-earnings ratio of 19.20, a PEG ratio of 2.06 and a beta of 0.92. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.45. The company had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.91%. United Parcel Service’s dividend payout ratio is 81.37%.

In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.59% 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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