Linscomb & Williams Inc. Has $4.93 Million Stake in United Parcel Service, Inc. (UPS)
Linscomb & Williams Inc. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 41,396 shares of the transportation company’s stock after purchasing an additional 921 shares during the quarter. Linscomb & Williams Inc.’s holdings in United Parcel Service were worth $4,932,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of United Parcel Service in the third quarter valued at $120,000. Security National Trust Co. raised its stake in shares of United Parcel Service by 3.9% in the second 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 in the last quarter. Resources Investment Advisors Inc. raised its stake 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 valued at $147,000 after acquiring an additional 418 shares in the last quarter. Choate Investment Advisors acquired a new stake in shares of United Parcel Service in the second quarter valued at $203,000. Finally, First Midwest Bank Trust Division acquired a new stake in shares of United Parcel Service in the third quarter valued at $203,000. Institutional investors and hedge funds own 53.55% of the company’s stock.
Several analysts have recently issued reports on UPS shares. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Goldman Sachs Group initiated coverage on United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Oppenheimer reissued a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. Knight Equity reissued a “buy” rating and issued a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $126.47.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. sell-side analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders 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. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. United Parcel Service’s dividend payout ratio (DPR) is presently 59.18%.
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United Parcel Service 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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