Sarasin & Partners LLP grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 70.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,335 shares of the transportation company’s stock after acquiring an additional 185,024 shares during the quarter. Sarasin & Partners LLP owned about 0.05% of United Parcel Service worth $43,629,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in UPS. Oregon Public Employees Retirement Fund grew its stake in United Parcel Service by 9,644.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock worth $76,000 after buying an additional 7,289,396 shares during the last quarter. Capital International Investors purchased a new position in United Parcel Service during the 3rd quarter worth $525,375,000. Boston Partners grew its stake in United Parcel Service by 3,240.0% during the 4th quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock worth $184,460,000 after buying an additional 1,834,692 shares during the last quarter. BlackRock Inc. grew its stake in United Parcel Service by 3.6% during the 4th quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock worth $4,290,253,000 after buying an additional 1,534,331 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in United Parcel Service by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock worth $6,093,112,000 after buying an additional 704,504 shares during the last quarter. Institutional investors and hedge funds own 55.02% of the company’s stock.
Several brokerages recently weighed in on UPS. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Berenberg Bank restated a “hold” rating and set a $125.00 target price on shares of United Parcel Service in a research note on Friday. Credit Suisse Group restated a “neutral” rating and set a $114.00 target price on shares of United Parcel Service in a research note on Wednesday, March 6th. Standpoint Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Barclays reaffirmed a “hold” rating and set a $112.00 price target on shares of United Parcel Service in a research report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $123.41.
Shares of UPS stock opened at $109.52 on Friday. The stock has a market capitalization of $94.21 billion, a PE ratio of 15.13, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 6.56. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.03. The business had revenue of $19.85 billion during the quarter, compared to analysts’ expectations of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same quarter in the previous year, the firm posted $1.67 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, February 25th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.91. United Parcel Service’s payout ratio is 53.04%.
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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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