CapWealth Advisors LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 73,825 shares of the transportation company’s stock after purchasing an additional 1,828 shares during the period. CapWealth Advisors LLC’s holdings in United Parcel Service were worth $7,842,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. First PREMIER Bank bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $109,000. Legacy Financial Advisors Inc. bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $111,000. Moneta Group Investment Advisors LLC grew its position in shares of United Parcel Service by 118.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 600 shares during the period. Signature Wealth Management Group bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $118,000. Finally, Gables Capital Management Inc. bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $119,000. 54.01% of the stock is owned by institutional investors and hedge funds.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider George Willis sold 4,312 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Insiders sold a total of 8,512 shares of company stock worth $1,031,932 over the last quarter. Corporate insiders own 0.56% of the company’s stock.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.01. The company had revenue of $17.46 billion during the quarter, compared to the consensus estimate of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. United Parcel Service’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. equities analysts expect that United Parcel Service, Inc. will post 7.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, August 17th. United Parcel Service’s dividend payout ratio is presently 60.57%.
UPS has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of United Parcel Service to $128.00 and gave the company a “market perform” rating in a research report on Thursday, July 26th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Monday, July 16th. ValuEngine raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Loop Capital increased their target price on shares of United Parcel Service to $139.00 and gave the company a “buy” rating in a research report on Wednesday, May 30th. Finally, Cowen reissued a “hold” rating and set a $128.00 target price on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average target price of $125.44.
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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