Poplar Forest Capital LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Poplar Forest Capital LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,497 shares of the transportation company’s stock after selling 3,647 shares during the quarter. United Parcel Service comprises 1.0% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 29th biggest position. Poplar Forest Capital LLC’s holdings in United Parcel Service were worth $14,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First National Corp MA ADV purchased a new stake in United Parcel Service in the 1st quarter worth approximately $38,000. RPG Investment Advisory LLC lifted 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. Financial Gravity Wealth Inc. purchased a new stake in United Parcel Service in the 1st quarter worth approximately $32,000. Capital Advisors Ltd. LLC lifted 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. Finally, Whitener Capital Management Inc. raised its position in shares of 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 buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 55.50% of the company’s stock.

Shares of UPS stock traded up $2.36 on Friday, hitting $115.30. 2,689,900 shares of the company’s stock traded hands, compared to its average volume of 4,435,606. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $125.09. The company’s fifty day simple moving average is $109.96 and its 200 day simple moving average is $107.13. The stock has a market capitalization of $97.81 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.73 and a beta of 1.23.



United Parcel Service (NYSE:UPS) last released its earnings results 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 company had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share 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 issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio is currently 53.04%.

Several analysts have recently weighed in on UPS shares. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective on the stock in a research report on Thursday, May 23rd. UBS Group raised their price objective on shares of United Parcel Service to $128.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Argus restated a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. Raymond James raised their price objective 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, Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $118.82.

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

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