Kornitzer Capital Management Inc. KS Trims Position in United Parcel Service, Inc. (UPS)

Kornitzer Capital Management Inc. KS reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,877 shares of the transportation company’s stock after selling 2,850 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in United Parcel Service were worth $7,071,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First PREMIER Bank raised its stake 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 worth $116,000 after acquiring an additional 50 shares in the last quarter. Winslow Evans & Crocker Inc. raised its stake 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 worth $137,000 after acquiring an additional 899 shares in the last quarter. Parkside Financial Bank & Trust raised its stake 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 worth $137,000 after acquiring an additional 153 shares in the last quarter. Security National Trust Co. increased its stake in shares of United Parcel Service by 3.9% in 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 increased its stake in shares of United Parcel Service by 0.3% in 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. 53.49% of the stock is owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (UPS) opened at $118.33 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $101,970.00, a PE ratio of 19.87, a P/E/G ratio of 2.14 and a beta of 0.92. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $125.16.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.81%. United Parcel Service’s payout ratio is 81.57%.

UPS has been the subject of a number of research reports. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Friday, October 6th. Goldman Sachs Group initiated coverage on United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 target price for the company. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Robert W. Baird restated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Finally, Cowen restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $121.45.

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United Parcel Service 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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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