United Parcel Service, Inc. (UPS) Position Raised by Nuance Investments LLC
Nuance Investments LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 180.3% during the first quarter, Holdings Channel reports. The institutional investor owned 358,603 shares of the transportation company’s stock after buying an additional 230,657 shares during the period. United Parcel Service accounts for approximately 3.0% of Nuance Investments LLC’s investment portfolio, making the stock its 16th largest position. Nuance Investments LLC’s holdings in United Parcel Service were worth $38,478,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of UPS. Banco Santander S.A. bought a new stake in shares of United Parcel Service during the fourth quarter valued at $2,293,000. Chevy Chase Trust Holdings Inc. boosted 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. boosted 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 bought a new stake in shares of United Parcel Service during the fourth quarter valued at $880,000. Finally, BTIM Corp. boosted 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 own 53.67% of the company’s stock.
United Parcel Service, Inc. (NYSE:UPS) opened at 110.59 on Friday. The stock has a 50 day moving average price of $106.48 and a 200 day moving average price of $109.41. The company has a market cap of $95.97 billion, a price-to-earnings ratio of 28.25 and a beta of 0.89. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. United Parcel Service’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a $0.83 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.00%. United Parcel Service’s payout ratio is 84.69%.
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Several research firms have weighed in on UPS. Wells Fargo & Company began coverage on United Parcel Service in a report on Monday, March 13th. They issued a “market perform” rating and a $115.00 price objective for the company. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Bank of America Corporation cut United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 price objective for the company. in a report on Wednesday, February 22nd. Morgan Stanley dropped their price objective on United Parcel Service to $77.00 in a report on Wednesday, February 22nd. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $111.00 price objective (up previously from $109.00) on shares of United Parcel Service in a report on Monday, March 6th. One 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 company. The stock currently has an average rating of “Hold” and an average price target of $114.00.
In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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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