TrimTabs Asset Management LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,887 shares of the transportation company’s stock after selling 62 shares during the quarter. TrimTabs Asset Management LLC’s holdings in United Parcel Service were worth $1,660,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UPS. Arrowstreet Capital Limited Partnership acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $467,000. Allianz Asset Management GmbH increased its holdings in shares of United Parcel Service by 135.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 30,112 shares of the transportation company’s stock valued at $5,018,000 after purchasing an additional 114,198 shares during the period. Engineers Gate Manager LP acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $900,000. ExodusPoint Capital Management LP acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $3,706,000. Finally, First City Capital Management Inc. acquired a new position in United Parcel Service in the third quarter worth approximately $217,000. Institutional investors own 55.68% of the company’s stock.
In other news, insider Laura J. Lane sold 2,375 shares of United Parcel Service stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $157.93, for a total transaction of $375,083.75. Also, Director Wayne M. Hewett acquired 625 shares of the business’s stock in a transaction dated Wednesday, February 24th. The shares were acquired at an average price of $159.82 per share, for a total transaction of $99,887.50. Following the acquisition, the director now directly owns 868 shares in the company, valued at $138,723.76. The disclosure for this purchase can be found here. 0.57% of the stock is currently owned by company insiders.
UPS stock traded up $0.55 during midday trading on Thursday, reaching $172.50. The stock had a trading volume of 55,862 shares, compared to its average volume of 3,635,291. The business has a fifty day simple moving average of $163.69 and a two-hundred day simple moving average of $165.48. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 4.16. The firm has a market cap of $149.56 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.47 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $88.85 and a twelve month high of $178.01.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, February 2nd. The transportation company reported $2.66 EPS for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.52. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $22.85 billion. During the same period last year, the company earned $2.11 earnings per share. The company’s revenue was up 21.0% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were issued a dividend of $1.02 per share. The ex-dividend date was Friday, February 19th. This represents a $4.08 dividend on an annualized basis and a yield of 2.37%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.01. United Parcel Service’s dividend payout ratio (DPR) is 54.18%.
A number of research firms recently commented on UPS. Deutsche Bank Aktiengesellschaft dropped their price objective on United Parcel Service from $201.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, February 4th. JPMorgan Chase & Co. set a $180.00 price target on United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, February 3rd. Morgan Stanley increased their price target on United Parcel Service from $74.00 to $80.00 and gave the company an “underweight” rating in a report on Wednesday, February 3rd. Credit Suisse Group increased their price objective on United Parcel Service from $202.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Finally, Vertical Research initiated coverage on United Parcel Service in a research report on Thursday, April 1st. They issued a “buy” rating and a $195.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $160.13.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, 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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