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Derbend Asset Management Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Financial News Live ·  10/01 01:32

Derbend Asset Management lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,256 shares of the transportation company's stock after selling 106 shares during the period. Derbend Asset Management's holdings in United Parcel Service were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UPS. Norges Bank purchased a new stake in United Parcel Service during the 4th quarter valued at $1,399,135,000. Capital International Investors lifted its position in shares of United Parcel Service by 107.3% in the 4th quarter. Capital International Investors now owns 6,925,181 shares of the transportation company's stock worth $1,484,343,000 after purchasing an additional 3,584,871 shares during the period. Capital World Investors lifted its position in shares of United Parcel Service by 60.0% in the 1st quarter. Capital World Investors now owns 5,059,904 shares of the transportation company's stock worth $1,085,147,000 after purchasing an additional 1,898,084 shares during the period. BlackRock Inc. lifted its position in shares of United Parcel Service by 3.4% in the 1st quarter. BlackRock Inc. now owns 53,873,217 shares of the transportation company's stock worth $11,553,650,000 after purchasing an additional 1,781,756 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of United Parcel Service by 174.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,765,075 shares of the transportation company's stock worth $378,538,000 after purchasing an additional 1,121,021 shares during the period. Hedge funds and other institutional investors own 59.60% of the company's stock.

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United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.58 during trading on Friday, reaching $164.74. 25,604 shares of the stock traded hands, compared to its average volume of 3,427,801. The company has a market capitalization of $143.10 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.47 and a beta of 1.07. The business has a fifty day simple moving average of $191.67 and a two-hundred day simple moving average of $189.14. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47. United Parcel Service, Inc. has a 52-week low of $160.11 and a 52-week high of $233.72.

United Parcel Service (NYSE:UPS – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $3.14 by $0.15. The firm had revenue of $24.80 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.06 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 12.85 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a $1.52 dividend. The ex-dividend date was Friday, August 12th. This represents a $6.08 annualized dividend and a yield of 3.69%. United Parcel Service's dividend payout ratio is currently 48.84%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wolfe Research cut shares of United Parcel Service from a "peer perform" rating to an "underperform" rating in a research report on Tuesday, July 12th. Barclays reduced their price objective on shares of United Parcel Service from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Thursday, September 22nd. Daiwa Capital Markets raised their price objective on shares of United Parcel Service to $207.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Stephens reduced their price objective on shares of United Parcel Service to $210.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Finally, Credit Suisse Group set a $223.00 price objective on shares of United Parcel Service and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.11.

Insider Buying and Selling

In related news, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction dated 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 transaction, the insider now owns 102,591 shares in the company, valued at $20,980,885.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the firm'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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Kevin M. Warren sold 23,366 shares of the firm'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 disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

About United Parcel Service

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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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