Today, United Parcel Service Inc. (UPS) Stake Boosted by Macnealy Hoover Investment Management Inc.

Today, United Parcel Service Inc. (UPS) Stake Boosted by Macnealy Hoover Investment Management Inc.
Macnealy Hoover Investment Management Inc. raised its position in United Parcel Service Inc. (NYSE:UPS) by 0.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,534 shares of the company’s stock after buying an additional 2 shares during the period. Macnealy Hoover Investment Management Inc.’s holdings in United Parcel Service were worth $1,152,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. increased its position in United Parcel Service by 575,888.1% in the second quarter. Cohen & Steers Inc. now owns 8,639,821 shares of the company’s stock valued at $662,156,000 after buying an additional 8,638,321 shares during the last quarter. Boston Partners increased its position in United Parcel Service by 351.3% in the second quarter. Boston Partners now owns 2,498,630 shares of the company’s stock valued at $269,152,000 after buying an additional 1,944,957 shares during the last quarter. Alliancebernstein L.P. increased its position in United Parcel Service by 113.8% in the second quarter. Alliancebernstein L.P. now owns 2,702,306 shares of the company’s stock valued at $291,092,000 after buying an additional 1,438,539 shares during the last quarter. Janus Capital Management LLC increased its position in United Parcel Service by 169.9% in the second quarter. Janus Capital Management LLC now owns 2,139,432 shares of the company’s stock valued at $230,460,000 after buying an additional 1,346,617 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in United Parcel Service during the second quarter valued at about $133,157,000. 53.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Parcel Service Inc. (NYSE:UPS) traded up 0.50% on Friday, reaching $116.26. 1,077,554 shares of the company were exchanged. The company has a market capitalization of $101.45 billion, a P/E ratio of 20.72 and a beta of 0.89. The stock has a 50 day moving average of $110.21 and a 200-day moving average of $107.97. United Parcel Service Inc. has a 52-week low of $87.30 and a 52-week high of $116.39.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The firm earned $14.93 billion during the quarter, compared to analysts’ expectations of $14.72 billion. During the same period in the previous year, the company earned $1.39 earnings per share. United Parcel Service’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that United Parcel Service Inc. will post $5.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be given a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.12 dividend on an annualized basis and a yield of 2.68%. United Parcel Service’s dividend payout ratio (DPR) is presently 55.52%.

Several equities analysts recently issued reports on UPS shares. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. BMO Capital Markets started coverage on United Parcel Service in a research report on Thursday, November 17th. They issued an “outperform” rating and a $125.00 target price on the stock. They noted that the move was a valuation call. Barclays PLC upped their target price on United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. Deutsche Bank AG began coverage on United Parcel Service in a research report on Wednesday, November 2nd. They set a “hold” rating and a $117.00 price target on the stock. Finally, Vetr downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 price target on the stock. in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $113.40.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

Related posts

Leave a Comment