Reilly Herbert Faulkner III reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,654 shares of the transportation company’s stock after selling 150 shares during the period. Reilly Herbert Faulkner III’s holdings in United Parcel Service were worth $1,250,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Banco Santander S.A. acquired a new position in United Parcel Service during the fourth quarter worth approximately $2,293,000. Pegasus Partners Ltd. increased its stake in United Parcel Service by 14.1% in the third quarter. Pegasus Partners Ltd. now owns 17,852 shares of the transportation company’s stock valued at $1,952,000 after buying an additional 2,212 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock valued at $64,420,000 after buying an additional 19,369 shares in the last quarter. Atlas Brown Inc. increased its stake in United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares in the last quarter. Finally, Worth Venture Partners LLC purchased a new position in United Parcel Service during the fourth quarter valued at about $880,000. 53.62% of the stock is currently owned by institutional investors.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.25% during mid-day trading on Monday, reaching $110.87. The company had a trading volume of 2,150,845 shares. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The stock has a 50 day moving average of $106.48 and a 200-day moving average of $109.41. The company has a market capitalization of $96.21 billion, a price-to-earnings ratio of 28.32 and a beta of 0.89.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.29 by $0.03. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The firm had revenue of $15.32 billion during the quarter, compared to analysts’ expectations of $15.19 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a $0.83 dividend. The ex-dividend date was Thursday, May 11th. This represents a $3.32 annualized dividend and a dividend yield of 2.99%. United Parcel Service’s dividend payout ratio is presently 84.69%.
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A number of equities analysts have issued reports on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, March 25th. Morgan Stanley cut their price target on shares of United Parcel Service to $77.00 in a report on Wednesday, February 22nd. Bank of America Corporation cut United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 price objective on the stock. in a research note on Wednesday, February 22nd. Credit Suisse Group reiterated a “neutral” rating and set a $111.00 price target (up from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $114.00.
In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by company insiders.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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