United Parcel Service, Inc. (NYSE:UPS – Get Free Report) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Monday, November 17th will be given a dividend of 1.64 per share by the transportation company on Thursday, December 4th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Monday, November 17th.
United Parcel Service has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. United Parcel Service has a dividend payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect United Parcel Service to earn $8.77 per share next year, which means the company should continue to be able to cover its $6.56 annual dividend with an expected future payout ratio of 74.8%.
United Parcel Service Stock Up 0.0%
NYSE UPS traded up $0.04 during mid-day trading on Friday, reaching $96.01. The stock had a trading volume of 6,572,938 shares, compared to its average volume of 6,901,404. The stock has a market cap of $81.37 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $138.67. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The company has a fifty day moving average price of $87.91 and a 200 day moving average price of $92.91.
Insider Activity at United Parcel Service
In related news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.
Hedge Funds Weigh In On United Parcel Service
Large investors have recently added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd increased its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service in the second quarter worth about $26,000. Hemington Wealth Management grew its position in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Salzhauer Michael bought a new stake in United Parcel Service during the 3rd quarter valued at approximately $31,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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