Trade Report: The Founders Capital Management LLC Holds Stake in United Parcel Service Inc. (UPS)

The Founders Capital Management LLC Holds Stake in United Parcel Service Inc. (UPS)

Founders Capital Management LLC held its position in United Parcel Service Inc. (NYSE:UPS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,165 shares of the company’s stock at the end of the third quarter. Founders Capital Management LLC’s holdings in United Parcel Service were worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC bought a new position in United Parcel Service during the second quarter worth $102,000. Security National Trust Co. boosted its position in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares in the last quarter. Advisory Services Network LLC boosted its position in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares in the last quarter. Kanaly Trust Co boosted its position in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,465 shares of the company’s stock worth $157,000 after buying an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 53.48% of the company’s stock.

Shares of United Parcel Service Inc. (NYSE:UPS) traded up 0.50% on Friday, hitting $116.26. The stock had a trading volume of 1,077,554 shares. United Parcel Service Inc. has a 52 week low of $87.30 and a 52 week high of $116.39. The firm has a 50 day moving average price of $110.21 and a 200-day moving average price of $107.97. The company has a market cap of $101.45 billion, a price-to-earnings ratio of 20.72 and a beta of 0.89.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.44 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $14.72 billion. During the same quarter last year, the firm earned $1.39 EPS. United Parcel Service’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts anticipate that United Parcel Service Inc. will post $5.82 EPS for the current 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 paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 9th. United Parcel Service’s dividend payout ratio is 55.52%.

Several research firms have recently commented on UPS. Morgan Stanley set a $91.00 target price on United Parcel Service and gave the company a “sell” rating in a research note on Monday, August 1st. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 target price (up from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. BMO Capital Markets began coverage on United Parcel Service in a research note on Thursday, November 17th. They set an “outperform” rating and a $125.00 target price for the company. They noted that the move was a valuation call. Finally, William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. 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 stock currently has an average rating of “Hold” and a consensus target price 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.

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