Boston Partners trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,116,916 shares of the transportation company’s stock after selling 358,326 shares during the period. Boston Partners owned approximately 0.36% of United Parcel Service worth $321,937,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new position in United Parcel Service in the 2nd quarter valued at about $368,346,000. Price T Rowe Associates Inc. MD boosted its position in United Parcel Service by 36.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock valued at $1,217,400,000 after buying an additional 3,155,121 shares during the last quarter. FMR LLC boosted its position in United Parcel Service by 19.5% in the 1st quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock valued at $1,636,496,000 after buying an additional 2,391,075 shares during the last quarter. Invesco Ltd. boosted its position in United Parcel Service by 47.3% in the 2nd quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock valued at $664,353,000 after buying an additional 2,064,682 shares during the last quarter. Finally, Atria Investments LLC boosted its position in United Parcel Service by 4,982.4% in the 2nd quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock valued at $89,057,000 after buying an additional 1,075,450 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.
Shares of NYSE UPS traded down $0.08 during mid-day trading on Friday, reaching $122.48. 41,522 shares of the company traded hands, compared to its average volume of 2,686,809. The stock has a fifty day simple moving average of $117.12 and a 200-day simple moving average of $108.22. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $124.94. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $105.11 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.03. The firm had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, analysts predict that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Monday, August 19th were issued a dividend of $0.96 per share. The ex-dividend date was Friday, August 16th. This represents a $3.84 annualized dividend and a yield of 3.14%. United Parcel Service’s payout ratio is 53.04%.
UPS has been the topic of several research analyst reports. Credit Suisse Group set a $119.00 price target on shares of United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Raymond James increased their price target on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. UBS Group increased their price target on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Finally, Loop Capital raised their target price on shares of United Parcel Service to $140.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target 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.
Read More: What are the benefits of investing in REITs?
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.