Marathon Asset Management LLP cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 707,251 shares of the transportation company’s stock after selling 16,494 shares during the period. Marathon Asset Management LLP owned approximately 0.08% of United Parcel Service worth $82,572,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in UPS. First PREMIER Bank acquired a new position in United Parcel Service during the second quarter valued at $109,000. Legacy Financial Advisors Inc. acquired a new position in United Parcel Service during the second quarter valued at $111,000. Moneta Group Investment Advisors LLC raised its position in United Parcel Service by 118.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after buying an additional 600 shares during the period. Signature Wealth Management Group acquired a new position in United Parcel Service during the second quarter valued at $118,000. Finally, Advisors Preferred LLC raised its position in United Parcel Service by 845.8% during the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,015 shares during the period. 53.65% of the stock is currently owned by institutional investors.
In other news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
UPS opened at $108.65 on Wednesday. The stock has a market cap of $91.19 billion, a PE ratio of 18.08, a P/E/G ratio of 1.58 and a beta of 1.14. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This article was first reported by WKRB News and is the property of of WKRB News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.wkrb13.com/2018/11/07/united-parcel-service-inc-ups-stake-lessened-by-marathon-asset-management-llp.html.
United Parcel Service Company Profile
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.
Recommended Story: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.