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.