Bruderman Asset Management LLC Raises Holdings in United Parcel Service, Inc. (UPS)

Bruderman Asset Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,837 shares of the transportation company’s stock after purchasing an additional 338 shares during the period. Bruderman Asset Management LLC’s holdings in United Parcel Service were worth $314,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UPS. BlackRock Inc. increased its holdings in shares of United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. Lazard Asset Management LLC increased its holdings in shares of United Parcel Service by 3,875,867.0% in the 1st quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after acquiring an additional 4,340,971 shares during the period. Federated Investors Inc. PA increased its holdings in shares of United Parcel Service by 2,005.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after acquiring an additional 1,446,749 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of United Parcel Service by 5.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after acquiring an additional 1,246,981 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of United Parcel Service by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after acquiring an additional 1,117,802 shares during the period. 52.87% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price objective (up previously from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. Finally, BMO Capital Markets increased their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $119.22.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at $113.23 on Friday. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $97,604.27, a PE ratio of 18.93, a PEG ratio of 2.04 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. sell-side analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

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About United Parcel Service

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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