United Parcel Service, Inc. (UPS) Shares Bought by Liberty Capital Management Inc.
Liberty Capital Management Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 45.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,730 shares of the transportation company’s stock after acquiring an additional 1,800 shares during the quarter. Liberty Capital Management Inc.’s holdings in United Parcel Service were worth $686,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its holdings in United Parcel Service by 50.0% in the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after acquiring an additional 239,350 shares during the period. Brookstone Capital Management lifted its holdings in United Parcel Service by 9.0% in the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares during the period. Wesbanco Bank Inc. lifted its holdings in United Parcel Service by 9.4% in the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after acquiring an additional 5,325 shares during the period. Vanguard Group Inc. lifted its holdings in United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares during the period. Finally, Dividend Assets Capital LLC acquired a new stake in United Parcel Service in the second quarter valued at $575,000. 53.67% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, October 6th. Goldman Sachs Group assumed coverage on United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 price target for the company. Robert W. Baird restated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Cowen restated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co raised their price target on 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 investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $121.45.
United Parcel Service, Inc. (NYSE:UPS) traded up $0.84 during trading on Wednesday, reaching $119.01. The company had a trading volume of 1,125,510 shares, compared to its average volume of 2,722,778. The stock has a market cap of $101,727.23, a PE ratio of 19.74, a PEG ratio of 2.12 and a beta of 0.92. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $125.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. equities research analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.
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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