United Parcel Service, Inc. (NYSE:UPS) Position Lowered by SRB Corp

SRB Corp decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,056 shares of the transportation company’s stock after selling 1,534 shares during the period. SRB Corp’s holdings in United Parcel Service were worth $522,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. First National Corp MA ADV bought a new position in United Parcel Service in the first quarter worth about $38,000. Capital Advisors Ltd. LLC lifted its holdings in United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after acquiring an additional 117 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in United Parcel Service by 75.0% in the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after acquiring an additional 150 shares during the last quarter. Kavar Capital Partners LLC bought a new position in United Parcel Service in the second quarter worth about $38,000. Finally, NumerixS Investment Technologies Inc bought a new position in United Parcel Service in the second quarter worth about $38,000. 55.28% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on UPS. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $114.00 target price on shares of United Parcel Service in a report on Thursday, July 25th. Daiwa Capital Markets raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Monday, August 26th. Loop Capital raised their target price on shares of United Parcel Service to $140.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Stifel Nicolaus cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a report on Monday, July 29th. Finally, Goldman Sachs Group began coverage on shares of United Parcel Service in a report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $119.72.



Shares of UPS traded down $0.10 during mid-day trading on Monday, reaching $122.57. 2,208,449 shares of the company’s stock traded hands, compared to its average volume of 2,546,192. The business’s 50-day moving average price is $117.31 and its 200-day moving average price is $108.29. The stock has a market capitalization of $105.24 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. 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 12 month low of $89.89 and a 12 month high of $123.63.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.13%. 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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