Sandy Spring Bank Reduces Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sandy Spring Bank lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the second quarter, HoldingsChannel reports. The firm owned 12,897 shares of the transportation company’s stock after selling 305 shares during the period. Sandy Spring Bank’s holdings in United Parcel Service were worth $1,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UPS. RPG Investment Advisory LLC boosted its stake in United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after buying an additional 194 shares during the period. Capital Advisors Ltd. LLC boosted its stake in United Parcel Service by 65.0% during the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares during the period. Financial Gravity Wealth Inc. purchased a new position in United Parcel Service during the first quarter worth about $32,000. First National Corp MA ADV purchased a new position in United Parcel Service during the first quarter worth about $38,000. Finally, Whitener Capital Management Inc. boosted its stake in United Parcel Service by 75.0% during the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after buying an additional 150 shares during the period. 55.50% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE UPS traded down $0.49 during midday trading on Thursday, hitting $113.55. The company’s stock had a trading volume of 73,765 shares, compared to its average volume of 4,370,533. The company’s fifty day moving average price is $109.41. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. 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 $98.65 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23.



United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The business had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, August 16th. United Parcel Service’s payout ratio is 53.04%.

Several brokerages have weighed in on UPS. Loop Capital increased their target price on shares of United Parcel Service to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Goldman Sachs Group began coverage on shares of United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 target price for the company. UBS Group increased their target price on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price for the company in a research note on Thursday, May 23rd. 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 assigned a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $118.82.

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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