Ausdal Financial Partners Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 23.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,049 shares of the transportation company’s stock after acquiring an additional 1,152 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in United Parcel Service were worth $721,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Delta Lloyd Asset Management N.V. purchased a new stake in United Parcel Service in the 2nd quarter valued at about $15,265,000. Providence First Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $579,000. Cipher Capital LP increased its stake in shares of United Parcel Service by 133.1% during the 2nd quarter. Cipher Capital LP now owns 33,441 shares of the transportation company’s stock worth $3,698,000 after purchasing an additional 19,094 shares during the last quarter. Cedar Capital LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $221,000. Finally, Sawtooth Solutions LLC increased its stake in shares of United Parcel Service by 4.6% during the 2nd quarter. Sawtooth Solutions LLC now owns 19,985 shares of the transportation company’s stock worth $2,210,000 after purchasing an additional 873 shares during the last quarter. 53.33% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service, Inc. (UPS) opened at $105.61 on Monday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $135.53. The firm has a market cap of $90,718.99, a P/E ratio of 18.79, a P/E/G ratio of 1.58 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.45%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, February 16th. United Parcel Service’s payout ratio is currently 64.77%.
Several brokerages have recently issued reports on UPS. Knight Equity lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $115.00 in a research note on Thursday. Deutsche Bank lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target for the company. in a research note on Thursday. Edward Jones upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Morgan Stanley raised their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets raised their price target on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $123.83.
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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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