Clarius Group LLC Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Clarius Group LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,925 shares of the transportation company’s stock after selling 115 shares during the quarter. Clarius Group LLC’s holdings in United Parcel Service were worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. B. Riley Wealth Management Inc. boosted its stake in shares of United Parcel Service by 18.6% in the fourth quarter. B. Riley Wealth Management Inc. now owns 3,118 shares of the transportation company’s stock worth $365,000 after acquiring an additional 488 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of United Parcel Service by 1,899.6% in the first quarter. AQR Capital Management LLC now owns 121,158 shares of the transportation company’s stock worth $11,319,000 after acquiring an additional 115,099 shares during the last quarter. Alberta Investment Management Corp boosted its stake in shares of United Parcel Service by 328.1% in the fourth quarter. Alberta Investment Management Corp now owns 62,500 shares of the transportation company’s stock worth $7,316,000 after acquiring an additional 47,900 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of United Parcel Service by 59.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,672 shares of the transportation company’s stock worth $1,246,000 after acquiring an additional 3,975 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its stake in shares of United Parcel Service by 12.6% in the fourth quarter. CIBC World Markets Inc. now owns 133,679 shares of the transportation company’s stock worth $15,648,000 after acquiring an additional 14,989 shares during the last quarter. Institutional investors and hedge funds own 54.83% of the company’s stock.

A number of brokerages have recently issued reports on UPS. Cowen lowered their price target on United Parcel Service from $119.00 to $101.00 and set a “market perform” rating on the stock in a research note on Thursday, April 2nd. BMO Capital Markets lowered United Parcel Service from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $95.00 to $85.00 in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $113.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus lowered their price objective on United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, KeyCorp reissued a “hold” rating on shares of United Parcel Service in a research note on Monday, April 20th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus price target of $111.19.

Shares of NYSE UPS opened at $114.47 on Thursday. The stock’s 50-day moving average is $105.23 and its two-hundred day moving average is $103.41. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $125.31. The company has a market cap of $98.68 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.84.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.08). United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.17 billion. During the same quarter last year, the company earned $1.39 EPS. United Parcel Service’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 5.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $4.04 annualized dividend and a dividend yield of 3.53%. United Parcel Service’s dividend payout ratio is currently 53.65%.

In other United Parcel Service news, CEO Carol B. Tome acquired 10,100 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $99.33 per share, with a total value of $1,003,233.00. Following the transaction, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

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.

Further Reading: Portfolio Manager

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

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