Cubist Systematic Strategies LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 409.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,540 shares of the transportation company’s stock after buying an additional 59,115 shares during the quarter. United Parcel Service comprises about 0.4% of Cubist Systematic Strategies LLC’s holdings, making the stock its 24th largest position. Cubist Systematic Strategies LLC’s holdings in United Parcel Service were worth $7,812,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of United Parcel Service by 26.2% during the 1st quarter. Franklin Resources Inc. now owns 7,464,644 shares of the transportation company’s stock worth $781,240,000 after purchasing an additional 1,547,617 shares during the period. Parnassus Investments CA grew its stake in shares of United Parcel Service by 0.8% during the 2nd quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock worth $726,586,000 after purchasing an additional 56,443 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of United Parcel Service by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock worth $457,788,000 after purchasing an additional 121,264 shares during the period. Vulcan Value Partners LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at about $308,056,000. Finally, FineMark National Bank & Trust grew its stake in United Parcel Service by 6.2% in the 2nd quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock valued at $301,769,000 after acquiring an additional 165,571 shares during the last quarter. 54.00% of the stock is currently owned by institutional investors.
In other news, SVP Kathleen M. Gutmann sold 1,700 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James J. Barber sold 2,500 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,512 shares of company stock worth $1,031,932. Insiders own 0.56% of the company’s stock.
Shares of UPS stock opened at $122.99 on Monday. The stock has a market cap of $105.81 billion, a PE ratio of 20.46, a P/E/G ratio of 1.83 and a beta of 1.16. United Parcel Service, Inc. has a 1-year low of $101.45 and a 1-year high of $135.53. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.01. The business had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. analysts forecast that United Parcel Service, Inc. will post 7.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. United Parcel Service’s payout ratio is currently 60.57%.
A number of brokerages recently commented on UPS. Raymond James raised shares of United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research note on Tuesday, September 4th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, August 3rd. Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a research note on Thursday, July 26th. Credit Suisse Group upped their target price on shares of United Parcel Service from $114.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Finally, Morgan Stanley upped their target price on shares of United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $124.49.
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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