Calamos Advisors LLC reduced its position in shares of United Parcel Service Inc. (NYSE:UPS) by 7.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,145,639 shares of the company’s stock after selling 93,307 shares during the period. United Parcel Service comprises approximately 0.9% of Calamos Advisors LLC’s portfolio, making the stock its 20th largest position. Calamos Advisors LLC’s holdings in United Parcel Service were worth $123,408,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in UPS. TIAA CREF Investment Management LLC increased its position in United Parcel Service by 34.3% in the first quarter. TIAA CREF Investment Management LLC now owns 4,199,444 shares of the company’s stock worth $442,915,000 after buying an additional 1,072,738 shares during the period. Bank of Montreal Can bought a new position in United Parcel Service during the second quarter worth approximately $81,298,000. Prudential Financial Inc. increased its position in United Parcel Service by 69.6% in the first quarter. Prudential Financial Inc. now owns 1,807,444 shares of the company’s stock worth $190,631,000 after buying an additional 741,580 shares during the period. Sarasin & Partners LLP bought a new position in United Parcel Service during the second quarter worth approximately $41,731,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in United Parcel Service by 169.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 581,364 shares of the company’s stock worth $61,316,000 after buying an additional 365,905 shares during the period. 53.28% of the stock is currently owned by institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded up 1.06% during trading on Friday, hitting $109.36. 2,952,536 shares of the stock were exchanged. The stock has a 50-day moving average of $109.04 and a 200 day moving average of $106.47. United Parcel Service Inc. has a 12-month low of $87.30 and a 12-month high of $111.83. The stock has a market cap of $96.03 billion, a P/E ratio of 19.66 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last released its earnings results on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The firm earned $14.60 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts predict that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, August 12th. This represents a $3.12 annualized dividend and a yield of 2.85%. United Parcel Service’s payout ratio is 56.01%.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Morgan Stanley set a $91.00 target price on shares of United Parcel Service and gave the company a “sell” rating in a research report on Monday, August 1st. Argus increased their target price on shares of United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $116.00 target price (up from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $109.23.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the sale, the insider now owns 31,418 shares in the company, valued at $3,449,382.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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