United Parcel Service, Inc. (UPS) Position Raised by Loomis Sayles & Co. L P
Loomis Sayles & Co. L P raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,546,370 shares of the transportation company’s stock after buying an additional 26,525 shares during the period. United Parcel Service accounts for about 1.5% of Loomis Sayles & Co. L P’s portfolio, making the stock its 23rd largest position. Loomis Sayles & Co. L P owned approximately 0.64% of United Parcel Service worth $595,125,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. BTIM Corp. raised its position in United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock worth $50,501,000 after buying an additional 7,066 shares during the period. Bank of The Ozarks raised its position in shares of United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after buying an additional 886 shares during the last quarter. Honeywell International Inc. raised its position in shares of United Parcel Service by 108.6% in the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock valued at $43,199,000 after buying an additional 209,600 shares during the last quarter. Airain ltd acquired a new position in shares of United Parcel Service during the first quarter valued at about $762,000. Finally, PGGM Investments acquired a new position in shares of United Parcel Service during the first quarter valued at about $47,685,000. 52.93% of the stock is owned by institutional investors.
Shares of United Parcel Service, Inc. (UPS) traded up 0.33% on Friday, hitting $114.74. The stock had a trading volume of 441,551 shares. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The company has a 50 day moving average price of $112.51 and a 200-day moving average price of $108.44. The stock has a market cap of $99.36 billion, a PE ratio of 28.21 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were paid a $0.83 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.90%. United Parcel Service’s dividend payout ratio is currently 81.57%.
A number of brokerages recently weighed in on UPS. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Seaport Global Securities began coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a report on Monday, July 3rd. Finally, Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $114.80.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 23,255 shares of company stock worth $2,628,619 over the last 90 days. Insiders own 0.59% of the company’s stock.
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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