Constitution Capital LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 2.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,984 shares of the transportation company’s stock after selling 179 shares during the period. United Parcel Service comprises 0.7% of Constitution Capital LLC’s portfolio, making the stock its 24th biggest position. Constitution Capital LLC’s holdings in United Parcel Service were worth $1,252,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. RB Capital Management LLC raised its position in United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 81 shares in the last quarter. Ergoteles LLC bought a new stake in United Parcel Service during the 1st quarter valued at $1,162,000. Halbert Hargrove Global Advisors LLC raised its position in United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 112 shares in the last quarter. First Western Trust Bank bought a new stake in United Parcel Service during the 1st quarter valued at $515,000. Finally, Stevens Capital Management LP bought a new stake in United Parcel Service during the 1st quarter valued at $701,000. 58.45% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. UBS Group downgraded United Parcel Service from a “buy” rating to a “neutral” rating and cut their price target for the company from $198.00 to $185.00 in a report on Wednesday, August 9th. Bank of America cut their price target on United Parcel Service from $190.00 to $177.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Citigroup cut their price target on United Parcel Service from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, September 12th. Barclays lifted their price target on United Parcel Service from $172.00 to $180.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Finally, Loop Capital downgraded United Parcel Service from a “buy” rating to a “hold” rating and cut their price target for the company from $210.00 to $195.00 in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.89.
Insiders Place Their Bets
In other United Parcel Service news, insider Nando Cesarone sold 22,825 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the transaction, the insider now owns 1 shares in the company, valued at $171.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.
United Parcel Service Stock Performance
Shares of UPS traded down $1.48 during mid-day trading on Tuesday, reaching $156.96. The company had a trading volume of 515,370 shares, compared to its average volume of 3,320,675. United Parcel Service, Inc. has a 52-week low of $154.87 and a 52-week high of $197.80. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $134.11 billion, a P/E ratio of 13.75, a PEG ratio of 1.70 and a beta of 1.09. The stock has a 50 day moving average of $175.33 and a two-hundred day moving average of $178.27.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.05. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $23.04 billion. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. United Parcel Service’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.29 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 9.46 earnings per share for the current year.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were given a dividend of $1.62 per share. The ex-dividend date was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a yield of 4.13%. United Parcel Service’s dividend payout ratio is currently 56.20%.
United Parcel Service Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. 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.
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