Palisade Asset Management LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,833 shares of the transportation company’s stock after acquiring an additional 2,000 shares during the period. Palisade Asset Management LLC’s holdings in United Parcel Service were worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Parcel Service in the 3rd quarter valued at about $120,000. Resources Investment Advisors Inc. grew its stake in United Parcel Service by 51.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 418 shares during the last quarter. Security National Trust Co. grew its stake in 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. Epstein & White Financial LLC acquired a new stake in United Parcel Service in the 4th quarter valued at about $228,000. Finally, Brightworth acquired a new stake in United Parcel Service in the 3rd quarter valued at about $203,000. 53.51% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on UPS. 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. 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. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target on the stock in a research note on Thursday, February 1st. Credit Suisse Group reaffirmed a “hold” rating and set a $137.00 price target on shares of United Parcel Service in a research note on Wednesday, January 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $130.00 price target on shares of United Parcel Service in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $126.47.

United Parcel Service, Inc. (NYSE UPS) opened at $106.39 on Friday. The firm has a market cap of $89,260.00, a PE ratio of 18.96, a PEG ratio of 1.64 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 has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. research analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 59.18%.

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

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