Pathstone Family Office LLC Continues to Hold Holdings in United Parcel Service, Inc. (UPS)
Pathstone Family Office LLC maintained its position in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,040 shares of the transportation company’s stock at the end of the second quarter. Pathstone Family Office LLC’s holdings in United Parcel Service were worth $889,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Isthmus Partners LLC acquired a new position in United Parcel Service during the 2nd quarter worth approximately $6,079,000. Lazard Asset Management LLC increased its position in United Parcel Service by 48.1% in the 2nd quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after acquiring an additional 2,087,477 shares during the period. Godsey & Gibb Associates increased its position in United Parcel Service by 4.6% in the 2nd quarter. Godsey & Gibb Associates now owns 129,900 shares of the transportation company’s stock valued at $14,366,000 after acquiring an additional 5,770 shares during the period. Bank Hapoalim BM increased its position in United Parcel Service by 57.4% in the 2nd quarter. Bank Hapoalim BM now owns 10,968 shares of the transportation company’s stock valued at $1,213,000 after acquiring an additional 4,000 shares during the period. Finally, Verity Asset Management Inc. increased its position in United Parcel Service by 6.5% in the 2nd quarter. Verity Asset Management Inc. now owns 2,140 shares of the transportation company’s stock valued at $237,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 53.07% of the company’s stock.
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Several equities analysts have issued reports on UPS shares. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, October 6th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. BidaskClub cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Robert W. Baird restated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co upped their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $120.74.
United Parcel Service, Inc. (NYSE:UPS) opened at $114.07 on Wednesday. The stock has a market cap of $98,935.22, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.06 and a beta of 0.92. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The business had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. United Parcel Service’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.
In related news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.59% of the stock is owned by corporate insiders.
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. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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