Sheaff Brock Investment Advisors LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 49.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,929 shares of the transportation company’s stock after selling 48,032 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in United Parcel Service were worth $5,156,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of UPS. Ronna Sue Cohen grew its stake in United Parcel Service by 10,745.2% during the first quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock worth $2,946,000 after buying an additional 2,918,618 shares during the last quarter. FMR LLC grew its stake in shares of United Parcel Service by 19.5% during the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock valued at $1,636,496,000 after purchasing an additional 2,391,075 shares during the last quarter. Boston Partners grew its stake in shares of United Parcel Service by 83.7% during the first quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock valued at $388,323,000 after purchasing an additional 1,583,923 shares during the last quarter. Biltmore Capital Advisors LLC bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $96,213,000. Finally, Geode Capital Management LLC grew its stake in shares of United Parcel Service by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock valued at $779,687,000 after purchasing an additional 585,738 shares during the last quarter. 55.50% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on UPS shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $114.00 price target on shares of United Parcel Service in a research note on Thursday, July 25th. Loop Capital increased their price target on shares of United Parcel Service to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target on the stock in a research note on Thursday, May 23rd. Finally, Credit Suisse Group set a $119.00 price target on shares of United Parcel Service and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $118.82.
NYSE UPS traded up $1.75 during trading hours on Tuesday, hitting $116.64. The company’s stock had a trading volume of 117,447 shares, compared to its average volume of 4,398,745. The stock has a fifty day moving average of $108.73. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The firm has a market cap of $99.39 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.76 and a beta of 1.23. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.62.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The business had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same period in the prior year, the business posted $1.94 earnings per share. United Parcel Service’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Monday, August 19th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $3.84 annualized dividend and a yield of 3.29%. United Parcel Service’s dividend payout ratio is currently 53.04%.
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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