Moloney Securities Asset Management LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,442 shares of the transportation company’s stock after selling 2,237 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in United Parcel Service were worth $1,949,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Orrstown Financial Services Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $29,000. Reilly Financial Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $29,000. Larson Financial Group LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $29,000. CX Institutional purchased a new position in shares of United Parcel Service during the first quarter valued at about $29,000. Finally, RPG Investment Advisory LLC increased its position in shares of United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after buying an additional 194 shares during the period. 55.54% of the stock is owned by hedge funds and other institutional investors.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by corporate insiders.
Several research firms recently commented on UPS. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $130.00 in a research note on Monday, April 1st. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. UBS Group dropped their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Credit Suisse Group reissued a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 6th. Finally, Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $119.05.
Shares of UPS traded down $0.40 during mid-day trading on Friday, hitting $101.62. 1,765,272 shares of the company traded hands, compared to its average volume of 3,240,062. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The stock has a market capitalization of $86.42 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.55 and a beta of 1.19.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The company had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.79 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.84 annualized dividend and a dividend yield of 3.78%. United Parcel Service’s payout ratio is 53.04%.
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About United Parcel Service
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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