Bingham Osborn & Scarborough LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the 1st quarter, Holdings Channel reports. The fund owned 95,922 shares of the transportation company’s stock after selling 642 shares during the quarter. United Parcel Service comprises about 1.0% of Bingham Osborn & Scarborough LLC’s investment portfolio, making the stock its 14th largest position. Bingham Osborn & Scarborough LLC’s holdings in United Parcel Service were worth $10,718,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of the company. CX Institutional bought a new position in United Parcel Service in the first quarter worth about $29,000. RPG Investment Advisory LLC raised its stake in United Parcel Service by 277.1% in the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after buying an additional 194 shares in the last quarter. Somerset Trust Co raised its stake in United Parcel Service by 161.0% in the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after buying an additional 169 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in United Parcel Service in the first quarter worth about $32,000. Finally, Larson Financial Group LLC bought a new position in United Parcel Service in the fourth quarter worth about $29,000. 55.77% of the stock is owned by hedge funds and other institutional investors.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Teri P. Mcclure sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.
Shares of NYSE UPS opened at $101.31 on Friday. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The company has a market cap of $85.52 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth 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 (NYSE:UPS) last announced its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.79 billion. During the same period in the prior year, the business posted $1.55 EPS. United Parcel Service’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, May 17th. United Parcel Service’s dividend payout ratio is 53.04%.
A number of research firms recently issued reports on UPS. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Berenberg Bank reissued a “hold” rating and issued a $125.00 price target on shares of United Parcel Service in a research note on Monday, March 25th. Argus reissued a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 price target on shares of United Parcel Service in a research note on Wednesday, March 6th. Finally, Standpoint Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $122.41.
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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.
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