Zurich Insurance Group Ltd FI decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 31.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 148,453 shares of the transportation company’s stock after selling 67,428 shares during the period. Zurich Insurance Group Ltd FI’s holdings in United Parcel Service were worth $15,331,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of UPS. FMR LLC boosted its stake in United Parcel Service by 19.5% during the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock valued at $1,636,496,000 after buying an additional 2,391,075 shares during the period. Invesco Ltd. lifted its stake in United Parcel Service by 47.3% during the second quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock worth $664,353,000 after purchasing an additional 2,064,682 shares during the last quarter. Atria Investments LLC lifted its stake in United Parcel Service by 4,982.4% during the second quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock worth $89,057,000 after purchasing an additional 1,075,450 shares during the last quarter. Biltmore Capital Advisors LLC bought a new stake in United Parcel Service during the first quarter worth about $96,213,000. Finally, First Trust Advisors LP lifted its stake in United Parcel Service by 60.8% during the second quarter. First Trust Advisors LP now owns 1,130,245 shares of the transportation company’s stock worth $116,720,000 after purchasing an additional 427,354 shares during the last quarter. 55.28% of the stock is owned by institutional investors.
UPS has been the subject of several research analyst reports. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Monday, August 26th. Raymond James lifted their price target on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $114.00 price target on shares of United Parcel Service in a research note on Thursday, July 25th. Finally, Stifel Nicolaus lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target for the company. in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $119.72.
United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating 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 company had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. During the same quarter in the previous year, the company posted $1.94 EPS. United Parcel Service’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
United Parcel Service 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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