United Parcel Service, Inc. (UPS) Position Maintained by Woodmont Investment Counsel LLC
Woodmont Investment Counsel LLC maintained its stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,733 shares of the transportation company’s stock at the end of the first quarter. Woodmont Investment Counsel LLC’s holdings in United Parcel Service were worth $1,230,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of UPS. iAB Financial Bank boosted its stake in United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock worth $950,000 after buying an additional 250 shares during the period. Clarkston Capital Partners LLC boosted its stake in United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock worth $20,604,000 after buying an additional 14,075 shares during the period. First Merchants Corp boosted its stake in United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock worth $746,000 after buying an additional 165 shares during the period. Naples Global Advisors LLC boosted its stake in United Parcel Service by 22.3% in the first quarter. Naples Global Advisors LLC now owns 14,454 shares of the transportation company’s stock worth $1,551,000 after buying an additional 2,640 shares during the period. Finally, Diversified Trust Co acquired a new stake in United Parcel Service during the first quarter worth approximately $1,490,000. Hedge funds and other institutional investors own 52.93% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.48% on Wednesday, hitting $115.44. The stock had a trading volume of 612,737 shares. The stock has a market cap of $99.97 billion, a PE ratio of 28.38 and a beta of 0.88. The company’s 50 day moving average is $112.04 and its 200 day moving average is $108.21. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 81.57%.
A number of equities research analysts have recently commented on the company. Credit Suisse Group restated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Friday, August 25th. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average target price of $114.80.
In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction that occurred 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,255 shares of company stock worth $2,628,619. 0.59% of the stock is currently owned by insiders.
United Parcel Service Company Profile
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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