United Parcel Service, Inc. (NYSE:UPS) is Schulhoff & Co. Inc.’s 10th Largest Position

Schulhoff & Co. Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,991 shares of the transportation company’s stock after selling 113 shares during the quarter. United Parcel Service comprises approximately 2.4% of Schulhoff & Co. Inc.’s portfolio, making the stock its 10th biggest holding. Schulhoff & Co. Inc.’s holdings in United Parcel Service were worth $5,785,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. EP Wealth Advisors LLC increased its position in shares of United Parcel Service by 10,746.8% in the third quarter. EP Wealth Advisors LLC now owns 1,257,466 shares of the transportation company’s stock valued at $1,908,000 after buying an additional 1,245,873 shares in the last quarter. Marathon Asset Mgmt Ltd purchased a new position in shares of United Parcel Service in the third quarter valued at $89,663,000. Eagle Asset Management Inc. increased its position in shares of United Parcel Service by 1,277.6% in the third quarter. Eagle Asset Management Inc. now owns 502,465 shares of the transportation company’s stock valued at $91,498,000 after buying an additional 465,992 shares in the last quarter. Vontobel Asset Management Inc. purchased a new position in shares of United Parcel Service in the third quarter valued at $77,340,000. Finally, Manning & Napier Group LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at $75,385,000. Hedge funds and other institutional investors own 56.81% of the company’s stock.

In other news, insider Laura J. Lane sold 6,988 shares of United Parcel Service stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $208.28, for a total value of $1,455,460.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Norman M. Brothers, Jr. sold 5,677 shares of United Parcel Service stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $227.52, for a total value of $1,291,631.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,558 shares of company stock valued at $6,491,514. Insiders own 0.12% of the company’s stock.

UPS has been the topic of a number of analyst reports. Sanford C. Bernstein set a $272.00 price objective on United Parcel Service in a research note on Friday, March 11th. The Goldman Sachs Group set a $248.00 price objective on United Parcel Service in a research note on Tuesday, February 1st. Morgan Stanley increased their price objective on United Parcel Service from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, February 2nd. BMO Capital Markets decreased their price objective on United Parcel Service from $225.00 to $200.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Susquehanna Bancshares decreased their price objective on United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $226.00.

UPS stock traded down $10.18 during midday trading on Friday, hitting $179.98. 4,853,527 shares of the company’s stock were exchanged, compared to its average volume of 3,586,405. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.28. United Parcel Service, Inc. has a 12-month low of $177.13 and a 12-month high of $233.72. The firm has a 50 day moving average price of $203.21 and a 200-day moving average price of $206.96. The stock has a market capitalization of $156.65 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11.

United Parcel Service (NYSE:UPS – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.17. The company had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.80 billion. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. United Parcel Service’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 12.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Tuesday, February 22nd were given a $1.52 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Friday, February 18th. This represents a $6.08 annualized dividend and a dividend yield of 3.38%. United Parcel Service’s dividend payout ratio (DPR) is presently 49.63%.

United Parcel Service Profile (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also