Blue Chip Partners Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 66,768 shares of the transportation company’s stock after acquiring an additional 2,384 shares during the quarter. United Parcel Service makes up about 2.4% of Blue Chip Partners Inc.’s investment portfolio, making the stock its 9th biggest position. Blue Chip Partners Inc.’s holdings in United Parcel Service were worth $7,955,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at approximately $120,000. Resources Investment Advisors Inc. raised its position in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 418 shares in the last quarter. Security National Trust Co. raised its position in shares of United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares in the last quarter. Epstein & White Financial LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $228,000. Finally, Brightworth acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at approximately $203,000. 53.51% of the stock is currently owned by institutional investors and hedge funds.
UPS has been the topic of several research reports. Deutsche Bank reissued a “buy” rating and set a $145.00 price target (up from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Robert W. Baird reissued a “hold” rating and set a $130.00 price target on shares of United Parcel Service in a research report on Tuesday, January 9th. Goldman Sachs Group began coverage on United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price target on the stock. Knight Equity restated a “buy” rating and set a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, Vetr upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a research note on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.47.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a $0.91 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 3.33%. United Parcel Service’s dividend payout ratio is presently 59.18%.
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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.
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