Sigma Planning Corp Buys 332 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sigma Planning Corp boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,227 shares of the transportation company’s stock after acquiring an additional 332 shares during the quarter. Sigma Planning Corp’s holdings in United Parcel Service were worth $2,605,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UPS. First National Corp MA ADV acquired a new position in United Parcel Service during the 1st quarter valued at about $38,000. RPG Investment Advisory LLC lifted its position in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares during the period. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the 1st quarter valued at about $32,000. Capital Advisors Ltd. LLC lifted its position in United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares during the period. Finally, Whitener Capital Management Inc. lifted its position in United Parcel Service by 75.0% during the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 150 shares during the period. 55.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:UPS traded up $1.15 during mid-day trading on Friday, reaching $115.05. The stock had a trading volume of 73,444 shares, compared to its average volume of 4,363,486. The firm has a market cap of $99.46 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.23. The firm has a 50 day simple moving average of $109.69 and a two-hundred day simple moving average of $107.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09.



United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. During the same period in the prior year, the business earned $1.94 EPS. United Parcel Service’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Monday, August 19th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.34%. United Parcel Service’s payout ratio is 53.04%.

A number of research firms have issued reports on UPS. Raymond James upped 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. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price on the stock in a research report on Thursday, May 23rd. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average 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.

Read More: What is Cost of Goods Sold (COGS)?

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.