QRG Capital Management Inc. Has $9.96 Million Holdings in United Parcel Service, Inc. $UPS

QRG Capital Management Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,648 shares of the transportation company’s stock after selling 1,896 shares during the period. QRG Capital Management Inc.’s holdings in United Parcel Service were worth $9,957,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth $26,000. Citizens National Bank Trust Department increased its holdings in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares during the last quarter. Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in United Parcel Service during the first quarter worth $32,000. Finally, Flaharty Asset Management LLC acquired a new position in United Parcel Service during the first quarter worth $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.4%

Shares of United Parcel Service stock opened at $86.79 on Friday. The firm has a 50-day moving average of $86.20 and a 200-day moving average of $95.32. The stock has a market cap of $73.56 billion, a PE ratio of 12.92, a PEG ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Saturday, September 27th. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Wolfe Research decreased their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Galvan Research decreased their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.16.

Insider Buying and Selling

In other news, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 over the last quarter. 0.13% of the stock is owned by company insiders.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.