Gratus Capital LLC trimmed its stake in United Parcel Service (NYSE:UPS) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,189 shares of the transportation company’s stock after selling 1,850 shares during the quarter. Gratus Capital LLC’s holdings in United Parcel Service were worth $3,788,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Focused Wealth Management Inc purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC lifted its stake in shares of United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after buying an additional 1,000 shares in the last quarter. Wagner Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $115,000. Silvant Capital Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at approximately $122,000. Finally, Resources Investment Advisors Inc. lifted its stake in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.
UPS has been the topic of a number of recent research reports. Stephens restated a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a research note on Monday, April 9th. Morgan Stanley upped their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Deutsche Bank cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a research note on Thursday, February 22nd. Edward Jones upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Loop Capital upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $105.61 to $128.00 in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $124.26.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
United Parcel Service opened at $115.49 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $99.64 billion, a P/E ratio of 19.22, a PEG ratio of 1.73 and a beta of 1.02. United Parcel Service has a 1-year low of $101.45 and a 1-year high of $135.53.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion for the quarter, compared to analyst estimates of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. United Parcel Service’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 EPS. research analysts expect that United Parcel Service will post 7.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Friday, May 18th. United Parcel Service’s payout ratio is 60.57%.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.