Hennessy Advisors Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,400 shares of the transportation company’s stock after selling 3,100 shares during the period. Hennessy Advisors Inc.’s holdings in United Parcel Service were worth $7,454,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of UPS. V Wealth Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $102,000. First PREMIER Bank lifted its position in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of United Parcel Service during the first quarter worth $126,000. Parkside Financial Bank & Trust lifted its position in shares of United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after acquiring an additional 153 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its position in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after acquiring an additional 899 shares in the last quarter. Institutional investors and hedge funds own 52.87% of the company’s stock.
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Several research analysts have recently weighed in on UPS shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. BMO Capital Markets increased their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 price objective on shares of United Parcel Service in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $119.22.
In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.59% of the stock is owned by insiders.
United Parcel Service, Inc. (UPS) opened at $115.46 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.12 and a current ratio of 1.06. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $121.75. The firm has a market cap of $99,984.66, a price-to-earnings ratio of 19.31, a P/E/G ratio of 2.08 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company earned $1.44 EPS. United Parcel Service’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, November 10th. United Parcel Service’s payout ratio is currently 81.37%.
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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