Golub Group LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,248 shares of the transportation company’s stock after buying an additional 1,066 shares during the quarter. Golub Group LLC’s holdings in United Parcel Service were worth $2,186,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Centric Wealth Management increased its position in shares of United Parcel Service by 27.3% during the 3rd quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock valued at $48,632,000 after purchasing an additional 90,572 shares during the last quarter. Cypress Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $7,798,000. Nomura Asset Management Co. Ltd. increased its position in shares of United Parcel Service by 7.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock valued at $21,459,000 after purchasing an additional 13,743 shares during the last quarter. Bank of Nova Scotia increased its position in shares of United Parcel Service by 9.8% during the 2nd quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock valued at $14,653,000 after purchasing an additional 13,206 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of United Parcel Service by 15.8% during the 2nd quarter. Fisher Asset Management LLC now owns 49,269 shares of the transportation company’s stock valued at $5,088,000 after purchasing an additional 6,715 shares during the last quarter. 55.30% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on UPS. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Monday, August 26th. JPMorgan Chase & Co. set a $135.00 price objective on United Parcel Service and gave the stock a “neutral” rating in a report on Friday, October 4th. Credit Suisse Group decreased their price objective on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Raymond James lifted their price objective on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, GMP Securities raised United Parcel Service to a “reduce” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $121.99.
NYSE UPS traded up $0.81 during trading hours on Friday, hitting $124.30. The company had a trading volume of 2,161,297 shares, compared to its average volume of 3,229,216. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.31. The firm has a 50 day simple moving average of $117.75 and a 200 day simple moving average of $110.24. The company has a debt-to-equity ratio of 4.27, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $104.24 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.84 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, topping the consensus estimate of $2.06 by $0.01. The business had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.09%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
In other news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.
United Parcel Service Company 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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