Headinvest LLC boosted its position in shares of United Parcel Service Inc. (NYSE:UPS) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,533 shares of the company’s stock after buying an additional 153 shares during the period. United Parcel Service accounts for about 2.3% of Headinvest LLC’s portfolio, making the stock its 9th largest position. Headinvest LLC’s holdings in United Parcel Service were worth $6,197,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in UPS. TIAA CREF Investment Management LLC raised 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 in the last quarter. Bank of Montreal Can bought a new position in United Parcel Service during the second quarter worth approximately $81,298,000. Prudential Financial Inc. raised 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 in the last quarter. 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. raised 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 in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.
United Parcel Service Inc. (NYSE:UPS) traded up 1.07% during midday trading on Tuesday, hitting $110.01. The stock had a trading volume of 2,466,032 shares. The company has a market cap of $96.60 billion, a P/E ratio of 19.78 and a beta of 0.91. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $111.83. The firm’s 50-day moving average price is $109.14 and its 200 day moving average price is $106.38.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.43. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The business had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th were given a $0.78 dividend. The ex-dividend date was Friday, August 12th. This represents a $3.12 annualized dividend and a dividend yield of 2.84%. United Parcel Service’s payout ratio is 56.01%.
A number of equities analysts recently commented on UPS shares. Citigroup Inc. reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Thursday, June 30th. Barclays PLC lifted their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Morgan Stanley set a $91.00 price objective on United Parcel Service and gave the stock a “sell” rating in a research note on Monday, August 1st. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Wednesday, June 29th. Finally, Argus lifted their price objective on United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $109.23.
In other news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $109.79, for a total value of $249,003.72. Following the transaction, the insider now directly owns 31,418 shares in the company, valued at $3,449,382.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by insiders.
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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