Zevin Asset Management LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,241 shares of the transportation company’s stock after buying an additional 295 shares during the period. United Parcel Service makes up 3.9% of Zevin Asset Management LLC’s holdings, making the stock its 5th biggest position. Zevin Asset Management LLC’s holdings in United Parcel Service were worth $12,011,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.6% in the second quarter. Vanguard Group Inc. now owns 55,758,854 shares of the transportation company’s stock worth $5,758,216,000 after purchasing an additional 352,497 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in United Parcel Service by 36.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock valued at $1,217,400,000 after buying an additional 3,155,121 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in United Parcel Service by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 7,112,998 shares of the transportation company’s stock valued at $734,559,000 after buying an additional 232,764 shares in the last quarter. Invesco Ltd. boosted its stake in United Parcel Service by 47.3% in the second quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock valued at $664,353,000 after buying an additional 2,064,682 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 4.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,288,435 shares of the transportation company’s stock valued at $546,137,000 after buying an additional 224,356 shares in the last quarter. Hedge funds and other institutional investors own 55.30% of the company’s stock.
Shares of UPS stock traded up $0.81 during mid-day trading on Friday, reaching $124.30. 2,161,297 shares of the stock traded hands, compared to its average volume of 3,229,216. The stock’s fifty day simple moving average is $117.75 and its two-hundred day simple moving average is $110.24. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The company has a market cap of $104.24 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.31.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. The company had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, November 15th. United Parcel Service’s dividend payout ratio is currently 53.04%.
Several analysts recently weighed in on UPS shares. Bank of America raised their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, September 9th. GMP Securities raised United Parcel Service to a “reduce” rating in a research note on Monday, October 28th. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Stifel Nicolaus lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective on the stock. in a research note on Monday, July 29th. Finally, Raymond James raised their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $121.99.
In related news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.17% of the stock is owned by insiders.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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