Lcnb Corp lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,025 shares of the transportation company’s stock after buying an additional 233 shares during the quarter. Lcnb Corp’s holdings in United Parcel Service were worth $312,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. RPG Investment Advisory LLC raised its stake 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 worth $29,000 after purchasing an additional 194 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in United Parcel Service in the 1st quarter worth about $32,000. First National Corp MA ADV acquired a new stake in United Parcel Service in the 1st quarter worth about $38,000. Finally, Whitener Capital Management Inc. raised its stake in United Parcel Service by 75.0% in the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 55.50% of the company’s stock.
Several analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a research note on Thursday, July 25th. Cowen reiterated a “market perform” rating and issued a $116.00 price objective (down previously from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Raymond James boosted their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Loop Capital boosted their target price on shares of United Parcel Service to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average price target of $118.82.
United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Monday, August 19th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
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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