British Airways Pensions Investment Management Ltd raised its position in shares of United Parcel Service Inc. (NYSE:UPS) by 25.0% during the second quarter, Holdings Channel reports. The firm owned 423,100 shares of the company’s stock after buying an additional 84,660 shares during the period. United Parcel Service comprises 1.4% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 21st largest position. British Airways Pensions Investment Management Ltd’s holdings in United Parcel Service were worth $45,757,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of UPS. Americafirst Capital Management LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $102,000. Security National Trust Co. boosted its stake 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 boosted its stake 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. RMB Capital Management LLC acquired a new stake in United Parcel Service during the first quarter worth approximately $202,000. Finally, Trust Co acquired a new stake in United Parcel Service during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.
United Parcel Service Inc. (NYSE:UPS) traded down 0.42% during mid-day trading on Friday, hitting $109.21. 1,651,581 shares of the stock traded hands. The stock’s 50 day moving average is $109.11 and its 200-day moving average is $106.16. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $111.83. The company has a market cap of $95.89 billion, a price-to-earnings ratio of 19.63 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The firm earned $14.60 billion during the quarter, compared to analysts’ expectations of $14.65 billion. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. On average, equities research analysts anticipate that United Parcel Service Inc. will post $5.81 EPS for the current year.
The company 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 2.86%. United Parcel Service’s dividend payout ratio is currently 56.01%.
A number of equities research analysts have recently commented on UPS shares. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Wednesday, June 29th. Argus raised their target price on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. 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 report on Monday, September 12th. Citigroup Inc. reiterated a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Parcel Service in a report on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $109.23.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $109.79, for a total transaction 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 at this link. Corporate insiders own 0.72% of the company’s stock.
United Parcel Service Company Profile
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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