Fisher Asset Management LLC boosted its stake in United Parcel Service Inc. (NYSE:UPS) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,489 shares of the company’s stock after buying an additional 5,088 shares during the period. Fisher Asset Management LLC’s holdings in United Parcel Service were worth $31,331,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in United Parcel Service by 1.6% in the second quarter. Vanguard Group Inc. now owns 44,169,068 shares of the company’s stock valued at $4,757,892,000 after buying an additional 674,423 shares in the last quarter. FMR LLC increased its position in United Parcel Service by 2.0% in the second quarter. FMR LLC now owns 18,175,618 shares of the company’s stock valued at $1,957,878,000 after buying an additional 356,234 shares in the last quarter. BlackRock Fund Advisors increased its position in United Parcel Service by 5.9% in the second quarter. BlackRock Fund Advisors now owns 11,247,445 shares of the company’s stock valued at $1,211,575,000 after buying an additional 629,541 shares in the last quarter. 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 in the last quarter. Finally, BlackRock Group LTD increased its position in United Parcel Service by 1.9% in the second quarter. BlackRock Group LTD now owns 5,895,831 shares of the company’s stock valued at $635,100,000 after buying an additional 108,872 shares in the last quarter. 52.50% of the stock is owned by hedge funds and other institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.45% during mid-day trading on Monday, hitting $115.74. The stock had a trading volume of 1,609,056 shares. United Parcel Service Inc. has a 52-week low of $87.30 and a 52-week high of $116.47. The company’s 50 day moving average is $110.21 and its 200-day moving average is $107.97.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.44 EPS for the quarter, meeting the Zacks’ consensus estimate 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 the consensus estimate of $14.72 billion. During the same quarter last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that United Parcel Service Inc. will post $5.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders 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 is Wednesday, November 9th. United Parcel Service’s payout ratio is currently 55.52%.
Several research analysts have recently commented on UPS shares. Barclays PLC lifted their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Deutsche Bank AG initiated coverage on United Parcel Service in a report on Wednesday, November 2nd. They issued a “hold” rating and a $117.00 price objective on the stock. Argus boosted their price target on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a report on Friday. 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 report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.40.
About United Parcel Service
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.