Abner Herrman & Brock LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,452 shares of the transportation company’s stock after buying an additional 1,413 shares during the quarter. United Parcel Service makes up about 1.8% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 28th largest holding. Abner Herrman & Brock LLC’s holdings in United Parcel Service were worth $12,449,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC lifted its position in shares of United Parcel Service by 3.1% in the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 81 shares in the last quarter. Ergoteles LLC bought a new stake in United Parcel Service during the 1st quarter valued at approximately $1,162,000. Halbert Hargrove Global Advisors LLC lifted its holdings in United Parcel Service by 10.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after purchasing an additional 112 shares in the last quarter. First Western Trust Bank bought a new position in United Parcel Service in the 1st quarter worth approximately $515,000. Finally, Stevens Capital Management LP purchased a new stake in United Parcel Service during the 1st quarter valued at approximately $701,000. 58.45% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Atlantic Securities began coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating and a $162.00 target price for the company. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $181.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. UBS Group cut United Parcel Service from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $198.00 to $185.00 in a report on Wednesday, August 9th. Bank of America dropped their price target on United Parcel Service from $190.00 to $177.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Stephens reiterated an “equal weight” rating and set a $195.00 target price on shares of United Parcel Service in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.38.
Insiders Place Their Bets
In related news, insider Nando Cesarone sold 22,825 shares of United Parcel Service stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the transaction, the insider now directly owns 1 shares of the company’s stock, valued at $171.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by company insiders.
United Parcel Service Trading Up 1.4 %
Shares of NYSE:UPS traded up $2.16 during trading on Thursday, reaching $160.00. 718,554 shares of the company were exchanged, compared to its average volume of 3,321,868. The business’s fifty day simple moving average is $176.53 and its 200-day simple moving average is $178.75. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 12-month low of $154.87 and a 12-month high of $197.80. The firm has a market capitalization of $136.71 billion, a PE ratio of 13.69, a P/E/G ratio of 1.67 and a beta of 1.09.
United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the business posted $3.29 EPS. United Parcel Service’s quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 9.7 EPS for the current year.
United Parcel Service Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, August 11th. United Parcel Service’s dividend payout ratio (DPR) is presently 56.20%.
United Parcel Service Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. 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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