Legacy Advisors LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,791 shares of the transportation company’s stock after purchasing an additional 1,235 shares during the period. Legacy Advisors LLC’s holdings in United Parcel Service were worth $910,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. First PREMIER Bank bought a new position in United Parcel Service in the second quarter valued at approximately $109,000. Legacy Financial Advisors Inc. bought a new position in United Parcel Service in the second quarter valued at approximately $111,000. Moneta Group Investment Advisors LLC grew its stake in United Parcel Service by 118.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 600 shares in the last quarter. Signature Wealth Management Group bought a new position in United Parcel Service in the second quarter valued at approximately $118,000. Finally, Advisors Preferred LLC grew its stake in United Parcel Service by 845.8% in the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.
Several research analysts have recently commented on UPS shares. UBS Group reduced their target price on United Parcel Service from $137.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. BMO Capital Markets lifted their target price on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Citigroup dropped their price target on United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, October 25th. ValuEngine raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Finally, Raymond James dropped their price objective on United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $125.66.
UPS stock traded down $1.99 during midday trading on Friday, reaching $109.51. 3,377,046 shares of the stock were exchanged, compared to its average volume of 3,221,555. The firm has a market capitalization of $95.61 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.66 and a beta of 1.14. United Parcel Service, Inc. has a 52 week low of $101.45 and a 52 week high of $135.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The business had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same quarter in the previous year, the company posted $1.45 EPS. United Parcel Service’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.32%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
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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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