United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,350 shares of the transportation company’s stock after buying an additional 400 shares during the period. Mitchell Sinkler & Starr PA’s holdings in United Parcel Service were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UPS. V Wealth Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth about $102,000. Tompkins Financial Corp raised its stake in shares of 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 period. First PREMIER Bank raised its stake in shares of 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 period. Parkside Financial Bank & Trust raised its stake in shares of 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 period. Finally, Ullmann Financial Group Inc. purchased a new stake in shares of United Parcel Service during the first quarter worth about $126,000. Hedge funds and other institutional investors own 52.90% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 113.34 on Friday. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a market capitalization of $98.15 billion, a price-to-earnings ratio of 27.87 and a beta of 0.88. The stock has a 50 day moving average of $111.59 and a 200 day moving average of $107.96.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

TRADEMARK VIOLATION WARNING: “United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Mitchell Sinkler & Starr PA” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/08/19/mitchell-sinkler-starr-pa-increases-position-in-united-parcel-service-inc-nyseups-updated.html.

A number of research firms have weighed in on UPS. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research note on Tuesday. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $114.57.

In other 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was 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. 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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

What are top analysts saying about United Parcel Service Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Parcel Service Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit