GWM Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,037 shares of the transportation company’s stock after selling 243 shares during the quarter. GWM Advisors LLC’s holdings in United Parcel Service were worth $1,966,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its position in shares of United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $32,000. First National Corp MA ADV purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $38,000. Kavar Capital Partners LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $38,000. Finally, Whitener Capital Management Inc. increased its position in shares of United Parcel Service by 75.0% during the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 150 shares during the last quarter. 54.91% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on UPS. Deutsche Bank reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $114.00 target price on shares of United Parcel Service in a research report on Thursday, July 25th. Cowen reaffirmed a “market perform” rating and set a $116.00 target price (down from $118.00) on shares of United Parcel Service in a research report on Friday, April 26th. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. Finally, Credit Suisse Group set a $119.00 price objective on United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $118.82.
UPS traded down $0.38 during trading hours on Tuesday, hitting $116.41. The stock had a trading volume of 27,445 shares, compared to its average volume of 4,421,179. The company’s fifty day simple moving average is $110.71 and its 200 day simple moving average is $107.26. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The stock has a market cap of $99.01 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.75 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, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. During the same quarter last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current year.
The company 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. This represents a $3.84 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.
United Parcel Service Company Profile
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.
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.