Everence Capital Management Inc. Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)


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Everence Capital Management Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 17,705 shares of the transportation company’s stock, valued at approximately $3,010,000.

Other institutional investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. lifted its stake in United Parcel Service by 1.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 13,773 shares of the transportation company’s stock valued at $2,319,000 after buying an additional 215 shares in the last quarter. Cardan Capital Partners LLC lifted its stake in United Parcel Service by 8.9% in the 4th quarter. Cardan Capital Partners LLC now owns 7,701 shares of the transportation company’s stock worth $1,297,000 after purchasing an additional 630 shares in the last quarter. Ingalls & Snyder LLC lifted its stake in United Parcel Service by 54.0% in the 4th quarter. Ingalls & Snyder LLC now owns 6,863 shares of the transportation company’s stock worth $1,156,000 after purchasing an additional 2,407 shares in the last quarter. WESPAC Advisors LLC lifted its stake in United Parcel Service by 252.8% in the 4th quarter. WESPAC Advisors LLC now owns 6,273 shares of the transportation company’s stock worth $1,056,000 after purchasing an additional 4,495 shares in the last quarter. Finally, G&S Capital LLC lifted its stake in United Parcel Service by 96.4% in the 4th quarter. G&S Capital LLC now owns 17,532 shares of the transportation company’s stock worth $2,952,000 after purchasing an additional 8,607 shares in the last quarter. 55.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on UPS. Sanford C. Bernstein set a $200.00 target price on shares of United Parcel Service and gave the stock a “buy” rating in a research note on Wednesday, February 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parcel Service from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, February 4th. JPMorgan Chase & Co. set a $180.00 target price on shares of United Parcel Service and gave the stock a “neutral” rating in a research note on Wednesday, February 3rd. TheStreet downgraded shares of United Parcel Service from an “a-” rating to a “c” rating in a report on Tuesday, February 2nd. Finally, Credit Suisse Group raised their price target on shares of United Parcel Service from $202.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $160.13.

In other news, insider Norman M. Brothers, Jr. sold 13,337 shares of United Parcel Service stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $159.64, for a total transaction of $2,129,118.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura J. Lane sold 2,375 shares of United Parcel Service stock in a transaction on Friday, February 26th. The stock was sold at an average price of $157.93, for a total transaction of $375,083.75. Insiders own 0.57% of the company’s stock.

Shares of NYSE:UPS traded up $0.85 during trading on Thursday, hitting $172.80. The company’s stock had a trading volume of 64,613 shares, compared to its average volume of 3,635,291. The business has a 50 day moving average price of $163.69 and a two-hundred day moving average price of $165.48. The company has a market capitalization of $149.82 billion, a PE ratio of 32.69, a P/E/G ratio of 2.47 and a beta of 0.98. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.29 and a current ratio of 1.29. United Parcel Service, Inc. has a fifty-two week low of $88.85 and a fifty-two week high of $178.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.52. The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $22.85 billion. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were paid a $1.02 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.01. The ex-dividend date was Friday, February 19th. This represents a $4.08 annualized dividend and a dividend yield of 2.36%. United Parcel Service’s payout ratio is 54.18%.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading: Catch-Up Contributions

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

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