Jefferies Financial Group Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 60.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,668 shares of the transportation company’s stock after selling 8,839 shares during the period. Jefferies Financial Group Inc.’s holdings in United Parcel Service were worth $572,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd raised its holdings in shares of United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service in the second quarter valued at $26,000. Hemington Wealth Management increased its position in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank bought a new position in United Parcel Service in the 1st quarter worth $32,000. Finally, Flaharty Asset Management LLC bought a new position in United Parcel Service in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Trading Up 1.1%
NYSE:UPS opened at $95.61 on Friday. The stock has a market cap of $81.11 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.29 and a beta of 1.11. 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 company’s 50 day moving average price is $89.60 and its 200-day moving average price is $92.81. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $137.10.
United Parcel Service Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.
Wall Street Analysts Forecast Growth
UPS has been the topic of a number of research reports. Barclays cut their target price on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Citigroup upped their target price on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Finally, Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. One research 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 company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $110.00.
View Our Latest Stock Report on UPS
United Parcel Service Company 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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