Renaissance Technologies LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, Holdings Channel reports. The firm acquired 640,800 shares of the transportation company’s stock, valued at approximately $76,351,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new position in shares of United Parcel Service in the fourth quarter worth about $106,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service in the third quarter worth about $120,000. Resources Investment Advisors Inc. increased its holdings 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 about $228,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth about $195,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $110.38 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 19.69. The firm has a market capitalization of $95,104.84, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $135.53.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.30%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is presently 64.77%.
Several research analysts have recently commented on UPS shares. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $135.00 in a report on Monday, December 4th. Goldman Sachs Group initiated coverage on United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 price target on the stock. Knight Equity restated a “buy” rating and set a $135.00 price target (down previously from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Edward Jones upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, Loop Capital upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $105.61 to $128.00 in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $124.68.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.
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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