3,181 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Chase Investment Counsel Corp
Chase Investment Counsel Corp acquired 3,181 shares of United Parcel Service, Inc. (NYSE:UPS) in Q4, valued at approximately $401,000. Other institutional investors also increased their stakes in UPS. Analysts have varied ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $140.73. UPS recently reported earnings of $2.75 per share, exceeding estimates, and announced a quarterly dividend increase to $1.64, payable on March 6.
Chase Investment Counsel Corp purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,181 shares of the transportation company's stock, valued at approximately $401,000.
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Several other institutional investors also recently modified their holdings of UPS. AMF Tjanstepension AB increased its stake in United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company's stock valued at $14,793,000 after purchasing an additional 30,815 shares in the last quarter. Cornerstone Wealth Group LLC increased its stake in United Parcel Service by 9.4% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,190 shares of the transportation company's stock valued at $435,000 after purchasing an additional 273 shares in the last quarter. Financial Advocates Investment Management increased its stake in United Parcel Service by 112.8% during the 3rd quarter. Financial Advocates Investment Management now owns 8,242 shares of the transportation company's stock valued at $1,124,000 after purchasing an additional 4,368 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of United Parcel Service by 1.4% during the 3rd quarter. Congress Asset Management Co. now owns 69,047 shares of the transportation company's stock valued at $9,414,000 after acquiring an additional 984 shares during the last quarter. Finally, Drexel Morgan & Co. purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at about $14,965,000. 60.26% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Raymond James reduced their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.
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United Parcel Service Trading Up 1.1 %
UPS opened at $118.97 on Friday. The firm has a market cap of $101.62 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The business's 50 day moving average is $122.41 and its two-hundred day moving average is $128.07. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.
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United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the firm earned $2.47 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Tuesday, February 18th. United Parcel Service's dividend payout ratio is currently 97.04%.
United Parcel Service Company Profile
(Free Report)United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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