SVA Wealth Management LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

SVA Wealth Management LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,819 shares of the transportation company’s stock after selling 2,851 shares during the quarter. SVA Wealth Management LLC’s holdings in United Parcel Service were worth $3,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its position in shares of United Parcel Service by 19.5% during the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock worth $1,636,496,000 after purchasing an additional 2,391,075 shares in the last quarter. Boston Partners grew its position in shares of United Parcel Service by 83.7% during the first quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock worth $388,323,000 after purchasing an additional 1,583,923 shares in the last quarter. Atria Investments LLC grew its position in shares of United Parcel Service by 4,982.4% during the second quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock worth $89,057,000 after purchasing an additional 1,075,450 shares in the last quarter. Biltmore Capital Advisors LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $96,213,000. Finally, Geode Capital Management LLC grew its position in shares of United Parcel Service by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock worth $779,687,000 after purchasing an additional 585,738 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Shares of NYSE:UPS traded up $0.11 during trading on Friday, hitting $122.67. The company had a trading volume of 2,908,643 shares, compared to its average volume of 2,546,192. The stock has a market cap of $105.24 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $123.63. The company has a fifty day simple moving average of $117.31 and a two-hundred day simple moving average of $108.29. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.03. The business had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, August 16th. United Parcel Service’s payout ratio is 53.04%.

UPS has been the subject of several research analyst reports. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. Bank of America increased their target price on United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. UBS Group increased their target price on United Parcel Service to $128.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Credit Suisse Group set a $119.00 target price on United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Loop Capital increased their target price on United Parcel Service to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $119.72.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading: Short Selling Stocks, A Beginner’s Guide

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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