Putnam FL Investment Management Co. Buys Shares of 9,870 United Parcel Service, Inc. (UPS)

Putnam FL Investment Management Co. bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,870 shares of the transportation company’s stock, valued at approximately $1,176,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SNS Financial Group LLC lifted its position in United Parcel Service by 0.5% during the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock worth $488,000 after buying an additional 24 shares in the last quarter. Riverhead Capital Management LLC lifted its position in United Parcel Service by 0.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock worth $1,202,000 after buying an additional 44 shares in the last quarter. Davidson & Garrard Inc. lifted its position in United Parcel Service by 3.1% during the 2nd quarter. Davidson & Garrard Inc. now owns 1,929 shares of the transportation company’s stock worth $213,000 after buying an additional 58 shares in the last quarter. AMG Funds LLC lifted its position in United Parcel Service by 0.4% during the 2nd quarter. AMG Funds LLC now owns 15,594 shares of the transportation company’s stock worth $1,725,000 after buying an additional 68 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in United Parcel Service by 1.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 8,239 shares of the transportation company’s stock worth $911,000 after buying an additional 109 shares in the last quarter. 53.55% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on UPS. BMO Capital Markets boosted their price target on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Edward Jones raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday. 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 report on Thursday, February 1st. Morgan Stanley boosted 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 report on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price target on shares of United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued 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.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $106.40 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. The stock has a market cap of $91,690.00, a PE ratio of 18.97, a PEG ratio of 1.59 and a beta of 0.91. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $135.53.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.91 dividend. 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 a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is 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.

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

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