Strategic Wealth Partners Ltd. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 25.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,210 shares of the transportation company’s stock after selling 407 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in United Parcel Service were worth $124,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its stake in United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. First National Corp MA ADV bought a new position in United Parcel Service in the first quarter valued at approximately $38,000. Kavar Capital Partners LLC bought a new position in United Parcel Service in the second quarter valued at approximately $38,000. Whitener Capital Management Inc. grew its stake in United Parcel Service by 75.0% in the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 150 shares in the last quarter. Finally, Orrstown Financial Services Inc. lifted its position in shares of United Parcel Service by 41.7% in the second quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.
A number of research firms have recently issued reports on UPS. Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a research report on Monday, July 29th. Deutsche Bank reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. Credit Suisse Group set a $119.00 price objective on United Parcel Service and gave the company a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a research report on Thursday, July 25th. Finally, Goldman Sachs Group began coverage on United Parcel Service in a research report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $118.82.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The business had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.94 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Monday, August 19th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $3.84 annualized dividend and a yield of 3.45%. United Parcel Service’s payout ratio is currently 53.04%.
About United Parcel Service
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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