Trust Investment Advisors decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,060 shares of the transportation company’s stock after selling 500 shares during the quarter. Trust Investment Advisors’ holdings in United Parcel Service were worth $729,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Ronna Sue Cohen raised its stake in United Parcel Service by 10,745.2% during the first quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock worth $2,946,000 after acquiring an additional 2,918,618 shares in the last quarter. FMR LLC raised its stake in United Parcel Service by 19.5% during the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock worth $1,636,496,000 after acquiring an additional 2,391,075 shares in the last quarter. Boston Partners raised its stake in United Parcel Service by 83.7% during the first quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock worth $388,323,000 after acquiring an additional 1,583,923 shares in the last quarter. Biltmore Capital Advisors LLC acquired a new position in United Parcel Service during the first quarter worth about $96,213,000. Finally, Geode Capital Management LLC raised its stake in United Parcel Service by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock worth $779,687,000 after acquiring an additional 585,738 shares in the last quarter. 55.48% of the stock is owned by hedge funds and other institutional investors.
UPS has been the subject of several research analyst reports. Loop Capital boosted their target price on United Parcel Service to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a research note on Monday, July 29th. UBS Group boosted their target price on United Parcel Service to $128.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Goldman Sachs Group initiated coverage on United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 target price for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $114.00 target price on shares of United Parcel Service in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.82.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Friday, August 16th. United Parcel Service’s dividend payout ratio is currently 53.04%.
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.
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