Vestmark Advisory Solutions Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,453 shares of the transportation company’s stock after purchasing an additional 2,781 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in United Parcel Service were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Capital Advisors Ltd. LLC increased its stake in shares of United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the last quarter. Kavar Capital Partners LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $38,000. NumerixS Investment Technologies Inc bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $38,000. Earnest Partners LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $40,000. Finally, Orrstown Financial Services Inc. increased its stake in shares of United Parcel Service by 41.7% in the 2nd quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 55.30% of the company’s stock.
In related news, COO James J. Barber sold 1,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.
United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The business had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. During the same period in the prior year, the business earned $1.82 EPS. United Parcel Service’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a yield of 3.12%. United Parcel Service’s payout ratio is 53.04%.
A number of analysts have recently commented on UPS shares. Loop Capital set a $140.00 price target on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 23rd. Wells Fargo & Co started coverage on United Parcel Service in a research note on Monday, October 28th. They issued an “outperform” rating and a $138.00 price target for the company. JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the company a “neutral” rating in a research note on Friday, October 4th. Credit Suisse Group lowered their price target on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $121.99.
About United Parcel Service
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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