United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Parkside Financial Bank & Trust

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Parkside Financial Bank & Trust decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740 shares of the transportation company’s stock after selling 110 shares during the quarter. Parkside Financial Bank & Trust’s holdings in United Parcel Service were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Community Bank N.A. raised its holdings in United Parcel Service by 0.6% in the 1st quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock valued at $1,802,000 after buying an additional 100 shares during the period. Regentatlantic Capital LLC increased its stake in United Parcel Service by 0.3% during the second quarter. Regentatlantic Capital LLC now owns 33,914 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 100 shares during the period. Avestar Capital LLC increased its stake in United Parcel Service by 9.0% during the first quarter. Avestar Capital LLC now owns 1,257 shares of the transportation company’s stock worth $123,000 after purchasing an additional 104 shares during the period. Alpha Windward LLC increased its stake in United Parcel Service by 6.2% during the second quarter. Alpha Windward LLC now owns 1,785 shares of the transportation company’s stock worth $212,000 after purchasing an additional 104 shares during the period. Finally, FinTrust Capital Advisors LLC increased its stake in United Parcel Service by 7.1% during the second quarter. FinTrust Capital Advisors LLC now owns 1,599 shares of the transportation company’s stock worth $165,000 after purchasing an additional 106 shares during the period. 54.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UPS stock traded down $1.68 during trading hours on Friday, reaching $113.54. 599,882 shares of the stock were exchanged, compared to its average volume of 4,377,434. The business’s fifty day moving average is $111.49 and its two-hundred day moving average is $107.41. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.09. The firm has a market capitalization of $98.79 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.75 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The firm had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Monday, August 19th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.38%. United Parcel Service’s payout ratio is 53.04%.

A number of analysts have issued reports on UPS shares. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target on the stock in a research note on Thursday, May 23rd. Cowen reiterated a “market perform” rating and set a $116.00 price target (down from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. UBS Group boosted their price target on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Thursday, July 25th. Finally, Stifel Nicolaus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus target price of $118.82.

About United Parcel Service

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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