Clarus Wealth Advisors bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, HoldingsChannel.com reports. The firm bought 1,689 shares of the transportation company’s stock, valued at approximately $177,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC lifted its holdings in United Parcel Service by 0.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 69,630 shares of the transportation company’s stock worth $7,287,000 after buying an additional 439 shares during the last quarter. Granite Springs Asset Management LLC lifted its holdings in United Parcel Service by 28.3% during the 1st quarter. Granite Springs Asset Management LLC now owns 2,273 shares of the transportation company’s stock worth $238,000 after buying an additional 502 shares during the last quarter. Assetmark Inc. lifted its holdings in United Parcel Service by 2.3% during the 4th quarter. Assetmark Inc. now owns 24,662 shares of the transportation company’s stock worth $2,926,000 after buying an additional 545 shares during the last quarter. Sandy Spring Bank lifted its holdings in United Parcel Service by 2.7% during the 1st quarter. Sandy Spring Bank now owns 20,735 shares of the transportation company’s stock worth $2,170,000 after buying an additional 545 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in United Parcel Service by 17.5% during the 4th quarter. DF Dent & Co. Inc. now owns 3,686 shares of the transportation company’s stock worth $439,000 after buying an additional 550 shares during the last quarter. 53.45% of the stock is currently owned by institutional investors.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.
UPS traded up $0.14 during trading hours on Thursday, hitting $105.90. The company’s stock had a trading volume of 171,998 shares, compared to its average volume of 2,936,172. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $91.13 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.58 and a beta of 1.05.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The firm had revenue of $17.11 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same period last year, the firm earned $1.32 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. equities analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Monday, May 21st were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Friday, May 18th. United Parcel Service’s dividend payout ratio is currently 60.57%.
A number of research analysts have commented on the company. ValuEngine downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets reduced their target price on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a report on Friday, April 27th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday, May 14th. Loop Capital increased their price target on United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Finally, Robert W. Baird reiterated a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Tuesday, April 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $124.33.
United Parcel Service 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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