Sustainable Insight Capital Management LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,083 shares of the transportation company’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Capital Advisors Ltd. LLC boosted its stake in shares of United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after buying an additional 117 shares during the period. Financial Gravity Wealth Inc. purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $32,000. First National Corp MA ADV purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $38,000. Kavar Capital Partners LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at about $38,000. Finally, Whitener Capital Management Inc. boosted its stake in shares of United Parcel Service by 75.0% in the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 54.91% of the company’s stock.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a research note on Monday, July 29th. Credit Suisse Group set a $119.00 price objective on United Parcel Service and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Cowen restated a “market perform” rating and set a $116.00 target price (down previously from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Finally, Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $118.82.
UPS stock traded down $0.83 during trading on Thursday, hitting $115.11. 1,165,542 shares of the company’s stock were exchanged, compared to its average volume of 4,415,545. The business has a 50-day moving average price of $111.24 and a two-hundred day moving average price of $107.36. The stock has a market capitalization of $100.29 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.78 and a beta of 1.23. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62.
United Parcel Service (NYSE:UPS) last posted its earnings results 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. The firm had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Monday, August 19th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.
United Parcel Service 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.
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