Jensen Investment Management Inc. decreased its position in United Parcel Service Inc. (NYSE:UPS) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 1,677,198 shares of the company’s stock after selling 22,639 shares during the period. United Parcel Service comprises approximately 2.8% of Jensen Investment Management Inc.’s portfolio, making the stock its 18th largest position. Jensen Investment Management Inc.’s holdings in United Parcel Service were worth $180,668,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new position in United Parcel Service during the second quarter worth $102,000. Security National Trust Co. increased its position in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares during the period. Kanaly Trust Co increased its position in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares during the period. Palladium Partners LLC purchased a new position in United Parcel Service during the second quarter worth $204,000. Finally, Trust Co purchased a new position in United Parcel Service during the first quarter worth $202,000. 53.28% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Inc. (NYSE:UPS) traded up 1.07% on Tuesday, reaching $110.01. The company’s stock had a trading volume of 2,466,032 shares. The firm has a 50 day moving average of $109.14 and a 200 day moving average of $106.38. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $111.83. The firm has a market cap of $96.60 billion, a price-to-earnings ratio of 19.78 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last released 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. The firm earned $14.60 billion during the quarter, compared to the consensus estimate of $14.65 billion. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. Analysts anticipate that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were issued 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 2.84%. United Parcel Service’s dividend payout ratio (DPR) is currently 56.01%.
Several research firms have recently commented on UPS. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $116.00 price objective (up previously from $112.00) on shares of United Parcel Service in a report on Tuesday, August 2nd. William Blair reissued an “outperform” rating on shares of United Parcel Service in a report on Tuesday, September 13th. Argus increased their price objective on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Finally, Morgan Stanley set a $91.00 price objective on United Parcel Service and gave the company a “sell” rating in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $109.23.
In related news, insider James J. Barber sold 2,268 shares of the company’s stock in a transaction on Friday, August 12th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.