Mcdaniel Terry & Co. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,686 shares of the transportation company’s stock after selling 1,050 shares during the period. United Parcel Service comprises approximately 3.2% of Mcdaniel Terry & Co.’s holdings, making the stock its 18th largest position. Mcdaniel Terry & Co.’s holdings in United Parcel Service were worth $18,312,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in UPS. Harel Insurance Investments & Financial Services Ltd. purchased a new position in United Parcel Service during the third quarter valued at approximately $120,000. Resources Investment Advisors Inc. grew its position in United Parcel Service by 51.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 418 shares in the last quarter. Choate Investment Advisors purchased a new position in United Parcel Service during the second quarter valued at approximately $203,000. First Midwest Bank Trust Division purchased a new position in United Parcel Service during the third quarter valued at approximately $203,000. Finally, Brightworth purchased a new position in United Parcel Service during the third quarter valued at approximately $203,000. 53.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of United Parcel Service, Inc. (UPS) opened at $105.69 on Wednesday. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $91,080.00, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders 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 dividend yield of 3.44%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. United Parcel Service’s payout ratio is presently 68.55%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is currently owned by insiders.
UPS has been the topic of a number of research analyst reports. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective on the stock. Oppenheimer reaffirmed a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a research report on Monday, November 6th. Knight Equity reaffirmed a “buy” rating and set a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Edward Jones raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $123.83.
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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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