United Parcel Service, Inc. (UPS) Holdings Boosted by Addenda Capital Inc.
Addenda Capital Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,114 shares of the transportation company’s stock after purchasing an additional 1,255 shares during the period. Addenda Capital Inc.’s holdings in United Parcel Service were worth $3,364,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Orrstown Financial Services Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Reilly Financial Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. CX Institutional acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $29,000. Finally, Financial Advantage Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $39,000. Institutional investors own 55.54% of the company’s stock.
In other United Parcel Service news, CFO Richard N. Peretz sold 9,112 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.03. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. The firm had revenue of $19.85 billion during the quarter, compared to the consensus estimate of $19.92 billion. During the same period last year, the company earned $1.67 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, February 25th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 3.40%. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.
Several research firms have recently weighed in on UPS. Berenberg Bank raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $125.00 to $130.00 in a report on Monday, April 1st. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a report on Wednesday, March 6th. Standpoint Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Finally, Bank of America reissued a “neutral” rating and issued a $112.00 price objective (down from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average price target of $123.70.
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United Parcel Service Company Profile
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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