Rhumbline Advisers Buys 17,843 Shares of United Parcel Service, Inc. (NYSE:UPS)

Rhumbline Advisers grew its stake in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,176,865 shares of the transportation company’s stock after purchasing an additional 17,843 shares during the period. Rhumbline Advisers owned about 0.14% of United Parcel Service worth $252,249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bragg Financial Advisors Inc grew its holdings in shares of United Parcel Service by 22.7% in the third quarter. Bragg Financial Advisors Inc now owns 10,420 shares of the transportation company’s stock valued at $1,897,000 after acquiring an additional 1,930 shares in the last quarter. Tranquility Partners LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $207,000. Zenyatta Capital Management LP bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $17,147,000. Osher Van de Voorde Investment Management grew its holdings in shares of United Parcel Service by 3.9% in the fourth quarter. Osher Van de Voorde Investment Management now owns 95,280 shares of the transportation company’s stock valued at $20,422,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of United Parcel Service by 3.3% in the fourth quarter. Brookstone Capital Management now owns 22,277 shares of the transportation company’s stock valued at $4,860,000 after acquiring an additional 713 shares in the last quarter. 57.85% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Philippe R. Gilbert sold 3,897 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $215.37, for a total transaction of $839,296.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura J. Lane sold 6,988 shares of the firm’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $208.28, for a total value of $1,455,460.64. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Several research firms have recently issued reports on UPS. Evercore ISI upped their target price on United Parcel Service from $235.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. BMO Capital Markets reduced their target price on United Parcel Service from $225.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 27th. Morgan Stanley increased their price objective on United Parcel Service from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, February 2nd. Loop Capital raised United Parcel Service from a “hold” rating to a “buy” rating and reduced their price objective for the company from $232.00 to $189.00 in a report on Thursday, April 14th. Finally, Cowen increased their price objective on United Parcel Service from $203.00 to $232.00 and gave the company a “market perform” rating in a report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $225.04.

NYSE UPS traded up $0.90 during trading hours on Friday, reaching $178.04. 3,598,100 shares of the stock traded hands, compared to its average volume of 3,628,483. The stock has a 50 day simple moving average of $197.52 and a two-hundred day simple moving average of $205.72. United Parcel Service, Inc. has a 1 year low of $173.19 and a 1 year high of $233.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $154.96 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.17. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The business had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.80 billion. During the same quarter last year, the business posted $2.77 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 12.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Monday, May 16th will be given a dividend of $1.52 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $6.08 dividend on an annualized basis and a yield of 3.41%. United Parcel Service’s payout ratio is 49.63%.

United Parcel Service Company Profile (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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