Evanson Asset Management LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,519 shares of the transportation company’s stock, valued at approximately $300,000.

Several other hedge funds have also bought and sold shares of UPS. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service in the third quarter worth $120,000. Resources Investment Advisors Inc. increased its stake in shares of United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after buying an additional 418 shares during the period. Epstein & White Financial LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth $228,000. Brightworth purchased a new position in shares of United Parcel Service in the third quarter worth $203,000. Finally, First Midwest Bank Trust Division purchased a new position in shares of United Parcel Service in the third quarter worth $203,000. 53.55% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a research note on Wednesday, January 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a research note on Tuesday, January 9th. Deutsche Bank reaffirmed a “buy” rating and issued a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Knight Equity reaffirmed a “buy” rating and issued a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, UBS Group lifted their price target on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.47.

Shares of United Parcel Service, Inc. (UPS) opened at $106.60 on Thursday. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $135.53. The company has a market cap of $91,860.00, a price-to-earnings ratio of 19.00, a PEG ratio of 1.59 and a beta of 0.91. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. sell-side analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s payout ratio is 59.18%.

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United Parcel Service Profile

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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