Brightworth Buys Shares of 1,689 United Parcel Service, Inc. (UPS)

Brightworth bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,689 shares of the transportation company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. First PREMIER Bank lifted its position in United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its position in United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Security National Trust Co. lifted its position in United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after buying an additional 5 shares in the last quarter. Institutional investors own 53.67% of the company’s stock.

A number of research analysts have weighed in on the stock. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price target (up from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a research note on Monday, November 6th. BMO Capital Markets lifted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. J P Morgan Chase & Co lifted their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Loop Capital lifted their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $121.45.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up $1.26 on Monday, hitting $119.26. 378,463 shares of the stock traded hands, compared to its average volume of 2,732,631. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16. The firm has a market capitalization of $101,684.14, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. 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 (EPS) for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

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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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