Pinkerton Retirement Specialists LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,314 shares of the transportation company’s stock after purchasing an additional 445 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in United Parcel Service were worth $2,304,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its position in 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 period. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the 1st quarter valued at approximately $32,000. First National Corp MA ADV acquired a new position in United Parcel Service during the 1st quarter valued at approximately $38,000. Kavar Capital Partners LLC acquired a new position in United Parcel Service during the 2nd quarter valued at approximately $38,000. Finally, Whitener Capital Management Inc. boosted its position in 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 period. Institutional investors and hedge funds own 54.91% of the company’s stock.
Shares of UPS traded down $2.56 during midday trading on Friday, reaching $112.66. The stock had a trading volume of 883,063 shares, compared to its average volume of 4,377,434. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50 day moving average price is $111.49 and its 200-day moving average price is $107.41. The company has a market capitalization of $98.79 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.75 and a beta of 1.23.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $17.98 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, August 16th. United Parcel Service’s dividend payout ratio is presently 53.04%.
Several brokerages have weighed in on UPS. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a research note on Monday, July 29th. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Cowen reaffirmed 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. Raymond James lifted their target price on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Goldman Sachs Group began coverage on United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $118.82.
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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