Zurcher Kantonalbank Zurich Cantonalbank Cuts Stake in United Parcel Service, Inc. $UPS

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,492 shares of the transportation company’s stock after selling 8,664 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Parcel Service were worth $37,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Salzhauer Michael acquired a new stake in shares of United Parcel Service in the third quarter valued at about $31,000. Physician Wealth Advisors Inc. lifted its position in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after acquiring an additional 163 shares in the last quarter. Avion Wealth lifted its position in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after acquiring an additional 321 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after acquiring an additional 124 shares during the period. Finally, WPG Advisers LLC boosted its holdings in United Parcel Service by 47.7% in the 3rd quarter. WPG Advisers LLC now owns 486 shares of the transportation company’s stock worth $41,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $107.04 on Tuesday. The stock’s 50 day moving average is $105.23 and its two-hundred day moving average is $100.70. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a market capitalization of $90.88 billion, a PE ratio of 16.32, a P/E/G ratio of 1.68 and a beta of 1.12. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the business posted $2.75 EPS. The business’s revenue was down 3.2% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.07 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is 100.00%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UPS. Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Oppenheimer upped their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Evercore raised their price target on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Sanford C. Bernstein boosted their price objective on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.03.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.