United Parcel Service, Inc. (UPS) Shares Bought by OppenheimerFunds Inc.
OppenheimerFunds Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,247,687 shares of the transportation company’s stock after buying an additional 196,855 shares during the period. OppenheimerFunds Inc. owned 0.26% of United Parcel Service worth $262,416,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of UPS. Moneta Group Investment Advisors LLC boosted its stake in United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after buying an additional 600 shares during the last quarter. Advisors Preferred LLC lifted its stake in shares of United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,015 shares in the last quarter. Psagot Investment House Ltd. acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $121,000. Country Trust Bank lifted its stake in shares of United Parcel Service by 78.4% in the 2nd quarter. Country Trust Bank now owns 1,215 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 534 shares in the last quarter. Finally, ELM Advisors LLC acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $140,000. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on UPS shares. Raymond James raised United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research note on Tuesday, September 4th. Goldman Sachs Group set a $150.00 price objective on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 10th. Loop Capital lifted their price objective on United Parcel Service to $145.00 and gave the company a “positive” rating in a research note on Friday, September 14th. Berenberg Bank started coverage on United Parcel Service in a research note on Friday, September 21st. They issued a “hold” rating and a $125.00 price objective on the stock. They noted that the move was a valuation call. Finally, KeyCorp started coverage on United Parcel Service in a research note on Thursday, September 27th. They issued a “sector weight” rating on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $125.33.
United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.41%. United Parcel Service’s payout ratio is currently 60.57%.
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United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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