GHP Investment Advisors Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,216 shares of the transportation company’s stock after selling 478 shares during the period. GHP Investment Advisors Inc.’s holdings in United Parcel Service were worth $918,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $29,000. CX Institutional acquired a new position in United Parcel Service in the 1st quarter valued at about $29,000. RPG Investment Advisory LLC increased its position in United Parcel Service by 277.1% in the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 194 shares during the period. Somerset Trust Co increased its position in United Parcel Service by 161.0% in the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 169 shares during the period. Finally, Financial Gravity Wealth Inc. acquired a new position in United Parcel Service in the 1st quarter valued at about $32,000. 55.54% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on UPS. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a research report on Thursday, May 30th. UBS Group dropped their price target on United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target on the stock in a research report on Thursday, May 23rd. Argus reiterated a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. Finally, Raymond James dropped their target price on United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $119.05.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, May 20th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, May 17th. United Parcel Service’s dividend payout ratio is currently 53.04%.
In related 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 stock was sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.17% of the company’s stock.
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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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