United Parcel Service (UPS) Shares Sold by Gratus Capital LLC

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.

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

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