Gulf International Bank UK Ltd trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,523 shares of the transportation company’s stock after selling 758 shares during the quarter. Gulf International Bank UK Ltd’s holdings in United Parcel Service were worth $16,783,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. FMR LLC raised its position 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 valued at $1,636,496,000 after acquiring an additional 2,391,075 shares in the last quarter. Clearbridge Investments LLC grew its holdings in United Parcel Service by 4.3% in the first quarter. Clearbridge Investments LLC now owns 8,939,900 shares of the transportation company’s stock valued at $998,944,000 after purchasing an additional 369,077 shares during the period. Geode Capital Management LLC grew its holdings in United Parcel Service by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock valued at $779,687,000 after purchasing an additional 585,738 shares during the period. Norges Bank acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $491,939,000. Finally, Boston Partners grew its holdings in United Parcel Service by 83.7% in the first quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock valued at $388,323,000 after purchasing an additional 1,583,923 shares during the period. Hedge funds and other institutional investors own 55.49% of the company’s stock.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.
United Parcel Service stock traded up $8.77 during trading on Wednesday, reaching $114.04. 5,236,021 shares of the company were exchanged, compared to its average volume of 2,544,497. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09. The firm has a market capitalization of $89.53 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.61 and a beta of 1.23. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. The firm’s 50 day moving average price is $102.00.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.79 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.46 earnings per share for the current year.
Several analysts have commented on the company. Argus reissued a “buy” rating and issued a $215.00 price objective on shares of AvalonBay Communities in a report on Tuesday, April 30th. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. UBS Group raised their price objective on Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Finally, Berenberg Bank raised easyJet to a “hold” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $117.64.
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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