HL Financial Services LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 40,003 shares of the transportation company’s stock after selling 8,035 shares during the period. HL Financial Services LLC’s holdings in United Parcel Service were worth $4,470,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of UPS. Oregon Public Employees Retirement Fund grew its holdings in shares of United Parcel Service by 9,644.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock worth $76,000 after buying an additional 7,289,396 shares in the last quarter. Norges Bank bought a new position in shares of United Parcel Service during the fourth quarter worth about $491,939,000. Ronna Sue Cohen grew its holdings in shares of United Parcel Service by 10,745.2% during the first quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock worth $2,946,000 after buying an additional 2,918,618 shares in the last quarter. Boston Partners grew its holdings in shares of United Parcel Service by 3,240.0% during the fourth quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock worth $184,460,000 after buying an additional 1,834,692 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of United Parcel Service by 3.6% during the fourth quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock worth $4,290,253,000 after buying an additional 1,534,331 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
NYSE:UPS opened at $99.76 on Thursday. The company has a market cap of $85.52 billion, a P/E ratio of 13.78, a PEG ratio of 1.53 and a beta of 1.16. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.09.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be issued a dividend of $0.96 per share. The ex-dividend date is Friday, May 17th. This represents a $3.84 annualized dividend and a yield of 3.85%. United Parcel Service’s payout ratio is currently 53.04%.
Several research analysts recently commented on UPS shares. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Barclays reissued a “hold” rating and set a $112.00 price target on shares of United Parcel Service in a research report on Tuesday, January 29th. Bank of America reissued a “neutral” rating and set a $112.00 price target (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Credit Suisse Group increased their price target on United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a research report on Monday, February 4th. Finally, Standpoint Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $122.41.
TRADEMARK VIOLATION NOTICE: “HL Financial Services LLC Decreases Position in United Parcel Service, Inc. (UPS)” was published by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.thestockobserver.com/2019/05/16/hl-financial-services-llc-decreases-position-in-united-parcel-service-inc-ups.html.
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.
See Also: What is a trade deficit?
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).
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.