CSat Investment Advisory L.P. Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

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CSat Investment Advisory L.P. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,743 shares of the transportation company’s stock after selling 3,467 shares during the period. CSat Investment Advisory L.P.’s holdings in United Parcel Service were worth $1,522,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UPS. Cypress Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter valued at $7,798,000. Lockheed Martin Investment Management Co. purchased a new position in United Parcel Service during the 1st quarter worth approximately $4,648,000. Nomura Asset Management Co. Ltd. grew its stake in 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 worth $21,459,000 after buying an additional 13,743 shares during the last quarter. Bank of Nova Scotia grew its stake in 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 worth $14,653,000 after buying an additional 13,206 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in 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 worth $5,088,000 after buying an additional 6,715 shares during the last quarter. Institutional investors and hedge funds own 55.28% of the company’s stock.

UPS has been the topic of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $114.00 price target on shares of United Parcel Service in a research note on Thursday, July 25th. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. UBS Group raised their price target on United Parcel Service to $128.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $119.72.

United Parcel Service stock traded up $1.58 during mid-day trading on Friday, hitting $120.70. 5,268,295 shares of the company were exchanged, compared to its average volume of 2,643,535. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $117.53 and its two-hundred day simple moving average is $108.65. The company has a market capitalization of $103.94 billion, a P/E ratio of 16.67, a PEG ratio of 1.84 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $123.63.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The business had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, August 16th. United Parcel Service’s dividend 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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