KBC Group NV boosted its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 44.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,617 shares of the company’s stock after buying an additional 28,387 shares during the period. KBC Group NV’s holdings in United Parcel Service were worth $10,128,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of UPS. Americafirst Capital Management LLC purchased a new stake in United Parcel Service during the second quarter valued at $102,000. Security National Trust Co. increased its stake 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 valued at $115,000 after buying an additional 275 shares during the last quarter. Financial Architects Inc increased its stake in shares of United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock valued at $124,000 after buying an additional 202 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of United Parcel Service by 216.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,157 shares of the company’s stock valued at $127,000 after buying an additional 791 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock valued at $130,000 after buying an additional 179 shares in the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Inc. (NYSE:UPS) traded down 0.49% during mid-day trading on Monday, reaching $115.69. The company had a trading volume of 2,628,564 shares. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $116.47. The stock’s 50-day moving average is $110.21 and its 200 day moving average is $107.97.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The business earned $14.93 billion during the quarter, compared to analyst estimates of $14.72 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts expect that United Parcel Service Inc. will post $5.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 14th will be given a dividend of $0.78 per share. The ex-dividend date 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 research analysts recently weighed in on UPS shares. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. BMO Capital Markets started coverage on United Parcel Service in a report on Thursday, November 17th. They set an “outperform” rating and a $125.00 price target for the company. They noted that the move was a valuation call. Barclays PLC increased their price target 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. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a report on Friday. Finally, Deutsche Bank AG started coverage on United Parcel Service in a report on Wednesday, November 2nd. They set a “hold” rating and a $117.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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.