Candriam S.C.A. boosted its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 2.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,251 shares of the transportation company’s stock after buying an additional 1,317 shares during the period. Candriam S.C.A.’s holdings in United Parcel Service were worth $6,284,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Andra AP fonden lifted its stake in United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after acquiring an additional 163,000 shares during the last quarter. Equity Investment Corp raised its holdings in shares of United Parcel Service by 16.8% during the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after purchasing an additional 162,364 shares in the last quarter. Founders Capital Management LLC lifted its stake in shares of United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after purchasing an additional 8,579 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of United Parcel Service by 10.9% in the 2nd quarter. AE Wealth Management LLC now owns 49,712 shares of the transportation company’s stock valued at $5,018,000 after purchasing an additional 4,885 shares during the last quarter. Finally, Gallacher Capital Management LLC bought a new stake in United Parcel Service in the first quarter worth $620,000. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Stock Performance
UPS opened at $96.01 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock’s 50 day moving average price is $87.91 and its two-hundred day moving average price is $92.91. The firm has a market capitalization of $81.37 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $138.67.
United Parcel Service Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. United Parcel Service’s dividend payout ratio is 101.39%.
Insider Transactions at United Parcel Service
In related news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Stifel Nicolaus reduced their target price on United Parcel Service from $120.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, October 28th. Susquehanna upped their target price on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, UBS Group lifted their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.00.
Read Our Latest Research Report on United Parcel Service
United Parcel Service Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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