United Parcel Service, Inc. (UPS) Position Raised by M&T Bank Corp
M&T Bank Corp boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,172 shares of the transportation company’s stock after purchasing an additional 22,443 shares during the quarter. M&T Bank Corp’s holdings in United Parcel Service were worth $22,470,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in UPS. V Wealth Management LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $102,000. First PREMIER Bank grew its holdings in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Ullmann Financial Group Inc. purchased a new stake in United Parcel Service in the first quarter valued at approximately $126,000. Winslow Evans & Crocker Inc. grew its holdings in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.
In related news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is currently owned by insiders.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $113.70 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market cap of $97,280.70, a price-to-earnings ratio of 18.88, a P/E/G ratio of 2.03 and a beta of 0.92. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $121.75.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 earnings per share. analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.92%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.
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A number of brokerages have weighed in on UPS. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price target (up from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price target on shares of United Parcel Service in a research report on Monday, November 6th. BMO Capital Markets lifted their price target on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Finally, J P Morgan Chase & Co lifted their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $120.74.
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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