Chevy Chase Trust Holdings LLC grew its position in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 448,992 shares of the transportation company’s stock after acquiring an additional 3,351 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of United Parcel Service worth $72,530,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of UPS. RB Capital Management LLC lifted its position in shares of United Parcel Service by 3.1% in the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after acquiring an additional 81 shares during the period. Ergoteles LLC bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $1,162,000. Halbert Hargrove Global Advisors LLC lifted its position in shares of United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after buying an additional 112 shares during the period. First Western Trust Bank bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $515,000. Finally, Stevens Capital Management LP bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $701,000. Institutional investors own 58.92% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on UPS shares. JPMorgan Chase & Co. set a $180.00 price target on United Parcel Service in a report on Tuesday, October 25th. BNP Paribas cut United Parcel Service from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 30th. Cowen dropped their price target on United Parcel Service from $232.00 to $187.00 and set a “market perform” rating for the company in a report on Wednesday, October 26th. Wells Fargo & Company dropped their price target on United Parcel Service from $207.00 to $195.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Finally, Susquehanna Bancshares lifted their target price on United Parcel Service from $160.00 to $165.00 in a research note on Wednesday, October 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $200.41.
United Parcel Service Stock Performance
United Parcel Service (NYSE:UPS – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The transportation company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $24.16 billion for the quarter, compared to analyst estimates of $24.34 billion. United Parcel Service had a return on equity of 71.90% and a net margin of 11.07%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 12.91 earnings per share for the current fiscal year.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Monday, November 14th were issued a $1.52 dividend. The ex-dividend date was Thursday, November 10th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.38%. United Parcel Service’s dividend payout ratio (DPR) is 47.65%.
United Parcel Service Profile
United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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