D.A. Davidson & CO. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,690 shares of the transportation company’s stock after purchasing an additional 5,799 shares during the quarter. D.A. Davidson & CO.’s holdings in United Parcel Service were worth $33,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. FSB Premier Wealth Management Inc. boosted its holdings in shares of United Parcel Service by 20.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 1,756 shares of the transportation company’s stock valued at $315,000 after acquiring an additional 301 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in United Parcel Service by 2.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,378,815 shares of the transportation company’s stock worth $247,153,000 after purchasing an additional 39,502 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in United Parcel Service in the 2nd quarter worth approximately $9,895,000. Osaic Holdings Inc. raised its stake in United Parcel Service by 17.3% during the 2nd quarter. Osaic Holdings Inc. now owns 518,346 shares of the transportation company’s stock valued at $77,818,000 after buying an additional 76,447 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of United Parcel Service by 1,077.8% during the 2nd quarter. Bessemer Group Inc. now owns 234,726 shares of the transportation company’s stock valued at $42,075,000 after buying an additional 214,797 shares during the period. 58.45% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on UPS. TheStreet cut United Parcel Service from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. HSBC initiated coverage on shares of United Parcel Service in a research note on Friday, September 29th. They issued a “hold” rating and a $170.00 price objective on the stock. Credit Suisse Group cut their target price on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Oppenheimer decreased their price target on shares of United Parcel Service from $195.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, September 18th. Finally, Barclays cut their price objective on shares of United Parcel Service from $180.00 to $175.00 and set an “equal weight” rating for the company in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $188.91.
United Parcel Service Price Performance
UPS traded down $0.37 during trading on Tuesday, hitting $149.20. 610,086 shares of the company traded hands, compared to its average volume of 3,393,929. The company has a market cap of $127.11 billion, a PE ratio of 15.14, a P/E/G ratio of 1.67 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $150.11 and its two-hundred day simple moving average is $166.18.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.04. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The firm had revenue of $21.06 billion for the quarter, compared to analysts’ expectations of $21.40 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The business’s revenue was down 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.81 earnings per share for the current fiscal year.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 13th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.34%. United Parcel Service’s dividend payout ratio is currently 65.59%.
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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