Northern Trust Corp lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,975,826 shares of the transportation company’s stock after selling 144,229 shares during the quarter. Northern Trust Corp owned approximately 1.04% of United Parcel Service worth $992,636,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at about $102,000. First PREMIER Bank increased its position in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at about $126,000. Winslow Evans & Crocker Inc. increased its holdings in United Parcel Service by 261.3% in the 2nd 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. Finally, Parkside Financial Bank & Trust increased its holdings in United Parcel Service by 14.1% in the 2nd 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. 53.07% of the stock is owned by hedge funds and other institutional investors.
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In other news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.59% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of United Parcel Service in a report on Monday. They set a “buy” rating and a $148.00 price objective for the company. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $120.74.
Shares of United Parcel Service, Inc. (UPS) opened at $114.07 on Wednesday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75. The firm has a market capitalization of $98,935.22, a price-to-earnings ratio of 19.20, a PEG ratio of 2.06 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. equities research analysts predict 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 paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.91%. United Parcel Service’s dividend payout ratio is currently 81.37%.
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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