Aperio Group LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,049 shares of the transportation company’s stock after selling 8,315 shares during the period. Aperio Group LLC’s holdings in United Parcel Service were worth $38,491,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. V Wealth Management LLC bought a new stake in United Parcel Service during the second quarter worth $102,000. First PREMIER Bank increased its stake in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Tompkins Financial Corp increased its stake in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new stake in United Parcel Service during the first quarter worth $126,000. Institutional investors own 53.10% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.47% during midday trading on Friday, hitting $111.44. 2,077,867 shares of the stock traded hands. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The firm has a market capitalization of $96.50 billion, a PE ratio of 27.40 and a beta of 0.88. The company’s 50-day moving average is $111.01 and its 200 day moving average is $108.09.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be given a $0.83 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.98%. United Parcel Service’s payout ratio is currently 81.57%.
A number of analysts recently weighed in on UPS shares. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a report on Friday, May 19th. Seaport Global Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.79.
In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Corporate insiders own 0.59% 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. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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