Comerica Bank Sells 16,421 Shares of United Parcel Service, Inc. (UPS)
Comerica Bank lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 528,581 shares of the transportation company’s stock after selling 16,421 shares during the quarter. Comerica Bank’s holdings in United Parcel Service were worth $69,610,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in United Parcel Service during the third quarter valued at approximately $120,000. Security National Trust Co. grew its holdings in United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares during the last quarter. Resources Investment Advisors Inc. grew its holdings 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 during the last quarter. Choate Investment Advisors acquired a new position in United Parcel Service during the second quarter valued at approximately $203,000. Finally, First Midwest Bank Trust Division acquired a new position in United Parcel Service during the third quarter valued at approximately $203,000. 53.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $106.39 on Monday. The stock has a market cap of $91,680.00, a price-to-earnings ratio of 18.96, a PEG ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a yield of 3.42%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s payout ratio is currently 59.18%.
Several equities analysts have commented on the company. BMO Capital Markets increased their price target on United Parcel Service to $130.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price target on the stock in a report on Thursday, February 1st. Morgan Stanley raised their price objective 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. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Oppenheimer restated a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average price target of $126.47.
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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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