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Equity Investment Corp boosts UPS stock holdings as the company exceeds earnings estimates and raises dividend.
Equity Investment Corp now owns $62.76 million worth of UPS stocks, with several other institutional investors also increasing their stakes.
UPS reported $2.75 earnings per share, surpassing estimates, and announced a quarterly dividend of $1.64, yielding 5.61%.
Analysts have mixed opinions, with a consensus "Moderate Buy" rating and a target price of $140.73.
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Equity Investment Corp impulsa las acciones de UPS a medida que la compañía supera las estimaciones de ganancias y aumenta los dividendos.