Czech National Bank raised its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,506 shares of the transportation company’s stock after purchasing an additional 11,245 shares during the period. Czech National Bank’s holdings in United Parcel Service were worth $22,844,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Potomac Fund Management Inc. ADV boosted its stake in shares of United Parcel Service by 0.8% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock valued at $1,123,000 after purchasing an additional 90 shares during the last quarter. Westbourne Investments Inc. raised its stake in shares of United Parcel Service by 1.2% during the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after buying an additional 91 shares during the last quarter. Ipsen Advisor Group LLC lifted its holdings in United Parcel Service by 1.7% in the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock valued at $562,000 after buying an additional 95 shares during the period. Webster Bank N. A. lifted its holdings in United Parcel Service by 16.7% in the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after buying an additional 100 shares during the period. Finally, Peoples Financial Services CORP. boosted its stake in United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 100 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Trading Up 1.3%
Shares of NYSE UPS opened at $104.56 on Friday. The company’s fifty day moving average is $109.33 and its 200-day moving average is $106.62. The stock has a market cap of $88.88 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.87 and a beta of 1.06. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.18 and a debt-to-equity ratio of 1.58.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s payout ratio is presently 121.93%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on UPS shares. Citigroup lifted their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Stephens reduced their price target on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings downgraded United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. BMO Capital Markets upped their price objective on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus raised their target price on United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.41.
Check Out Our Latest Research Report on UPS
About United Parcel Service
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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