Loudon Investment Management LLC Holds Position in United Parcel Service, Inc. (UPS)
Loudon Investment Management LLC maintained its stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,894 shares of the transportation company’s stock at the end of the first quarter. Loudon Investment Management LLC’s holdings in United Parcel Service were worth $203,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of UPS. Banco Santander S.A. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $2,293,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock valued at $64,420,000 after buying an additional 19,369 shares in the last quarter. Atlas Brown Inc. increased its stake in shares of United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $880,000. Finally, BTIM Corp. increased its stake in shares of United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock valued at $50,501,000 after buying an additional 7,066 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.
United Parcel Service, Inc. (NYSE UPS) opened at 110.59 on Friday. The stock has a market capitalization of $95.97 billion, a P/E ratio of 28.25 and a beta of 0.89. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The company’s 50-day moving average price is $106.48 and its 200 day moving average price is $109.41.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.29 by $0.03. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The company had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.19 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, May 11th. United Parcel Service’s payout ratio is 84.69%.
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A number of research firms have recently issued reports on UPS. Seaport Global Securities began coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a research note on Friday, May 19th. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Wells Fargo & Company began coverage on United Parcel Service in a research note on Monday, March 13th. They issued a “market perform” rating and a $115.00 price target on the stock. Finally, Credit Suisse Group restated a “neutral” rating and issued a $111.00 price target (up from $109.00) on shares of United Parcel Service in a research note on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $114.00.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by corporate insiders.
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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