Genesee Valley Trust Co. lowered its position in United Parcel Service Inc. (NYSE:UPS) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,719 shares of the company’s stock after selling 186 shares during the period. Genesee Valley Trust Co.’s holdings in United Parcel Service were worth $293,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth about $102,000. Security National Trust Co. raised its stake in shares of 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 in the last quarter. Kanaly Trust Co raised its stake in shares of 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 in the last quarter. RMB Capital Management LLC acquired a new stake in shares of United Parcel Service during the first quarter worth about $202,000. Finally, Trust Co acquired a new stake in shares of United Parcel Service during the first quarter worth about $202,000. 53.28% of the stock is owned by hedge funds and other institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.42% on Friday, reaching $109.21. The company had a trading volume of 1,651,581 shares. 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 capitalization of $95.89 billion, a PE ratio of 19.63 and a beta of 0.91. The firm’s 50 day moving average is $109.11 and its 200 day moving average is $106.16.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, hitting the consensus estimate of $1.43. The company earned $14.60 billion during the quarter, compared to analyst estimates of $14.65 billion. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 earnings per share. On average, equities research 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. Investors of record on Tuesday, August 16th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $3.12 annualized dividend and a yield of 2.86%. United Parcel Service’s payout ratio is 56.01%.
A number of brokerages recently issued reports on UPS. Morgan Stanley set a $91.00 price target on United Parcel Service and gave the stock a “sell” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $116.00 price target (up from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. William Blair reaffirmed an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Parcel Service in a research report on Thursday, May 26th. Finally, Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. United Parcel Service 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 stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $109.79, for a total value of $249,003.72. Following the completion of 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 hyperlink. 0.72% of the stock is owned by corporate insiders.
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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