Cacti Asset Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,440 shares of the transportation company’s stock after purchasing an additional 29,250 shares during the period. United Parcel Service comprises 4.1% of Cacti Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Cacti Asset Management LLC’s holdings in United Parcel Service were worth $48,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UPS. First PREMIER Bank increased its holdings in shares of United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares during the last quarter. Ullmann Financial Group Inc. purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $126,000. Winslow Evans & Crocker Inc. increased its holdings in shares of United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of United Parcel Service by 14.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares during the last quarter. Finally, Security National Trust Co. increased its holdings in shares of United Parcel Service by 3.9% in the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares during the last quarter. 53.67% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (NYSE:UPS) traded up $3.41 during trading hours on Tuesday, reaching $123.72. The company had a trading volume of 4,535,000 shares, compared to its average volume of 2,712,831. The stock has a market cap of $103,674.73, a P/E ratio of 20.12, a PEG ratio of 2.16 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $125.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. equities research analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.68%. United Parcel Service’s dividend payout ratio is presently 81.37%.

A number of research firms have recently commented on UPS. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Oppenheimer reiterated a “buy” rating and issued a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Sunday, October 1st. Finally, Stifel Nicolaus increased their price objective on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $121.45.

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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.

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

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