Everett Harris & Co. CA reduced its stake in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,333 shares of the transportation company's stock after selling 311 shares during the quarter. Everett Harris & Co. CA's holdings in United Parcel Service were worth $20,323,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mutual Advisors LLC grew its stake in shares of United Parcel Service by 2.0% in the 1st quarter. Mutual Advisors LLC now owns 9,262 shares of the transportation company's stock valued at $1,986,000 after purchasing an additional 186 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of United Parcel Service by 16.2% in the 1st quarter. Ritholtz Wealth Management now owns 4,211 shares of the transportation company's stock valued at $903,000 after purchasing an additional 588 shares during the last quarter. MBL Wealth LLC purchased a new position in shares of United Parcel Service in the 1st quarter valued at approximately $349,000. Guardian Capital Advisors LP lifted its holdings in shares of United Parcel Service by 2.6% in the 1st quarter. Guardian Capital Advisors LP now owns 7,475 shares of the transportation company's stock valued at $1,404,000 after buying an additional 189 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of United Parcel Service by 94.9% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,212 shares of the transportation company's stock valued at $260,000 after buying an additional 590 shares during the period. 59.60% of the stock is currently owned by hedge funds and other institutional investors.
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Insider Activity
In other news, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the sale, the insider now owns 102,591 shares of the company's stock, valued at $20,980,885.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the business's stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen M. Gutmann sold 21,307 shares of the business's stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares of the company's stock, valued at approximately $20,980,885.41. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.
United Parcel Service Price Performance
Shares of NYSE:UPS opened at $161.54 on Friday. The company has a market cap of $140.32 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.45 and a beta of 1.07. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.10. United Parcel Service, Inc. has a 52 week low of $160.11 and a 52 week high of $233.72. The business has a fifty day simple moving average of $191.14 and a 200-day simple moving average of $188.60.
United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 EPS for the quarter, beating analysts' consensus estimates of $3.14 by $0.15. The business had revenue of $24.80 billion during the quarter, compared to the consensus estimate of $24.59 billion. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 12.85 EPS for the current year.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, August 12th. United Parcel Service's dividend payout ratio is currently 48.84%.
Analysts Set New Price Targets
Several research firms have recently commented on UPS. Barclays reduced their price target on United Parcel Service from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Thursday, September 22nd. Evercore ISI reissued an "outperform" rating and issued a $227.00 price target (down from $255.00) on shares of United Parcel Service in a report on Tuesday, July 12th. Credit Suisse Group set a $223.00 price target on United Parcel Service and gave the company an "outperform" rating in a report on Wednesday, July 27th. Raymond James reduced their price target on United Parcel Service from $250.00 to $225.00 in a report on Friday, July 15th. Finally, UBS Group reduced their price objective on United Parcel Service from $226.00 to $221.00 and set a "buy" rating for the company in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $215.11.
United Parcel Service Profile
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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related 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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