Comerica Securities Inc. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,797 shares of the transportation company’s stock after selling 2,482 shares during the period. Comerica Securities Inc.’s holdings in United Parcel Service were worth $1,494,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of UPS. Legacy Financial Advisors Inc. bought a new position in United Parcel Service in the second quarter worth approximately $111,000. Moneta Group Investment Advisors LLC raised its position in United Parcel Service by 118.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares during the period. Signature Wealth Management Group bought a new position in United Parcel Service in the second quarter worth approximately $118,000. Advisors Preferred LLC increased its stake in shares of United Parcel Service by 845.8% in the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Psagot Investment House Ltd. purchased a new stake in shares of United Parcel Service in the third quarter worth $121,000. Institutional investors own 53.65% of the company’s stock.
A number of brokerages have recently issued reports on UPS. Citigroup cut shares of United Parcel Service from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Goldman Sachs Group set a $147.00 price objective on shares of United Parcel Service and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Credit Suisse Group reduced their price objective on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Robert W. Baird reduced their price objective on shares of United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Finally, Raymond James reduced their price objective on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $125.66.
In related news, COO James J. Barber sold 2,500 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
UPS opened at $109.51 on Friday. The firm has a market cap of $93.48 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.62 and a beta of 1.14. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14.
United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The company had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. United Parcel Service’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.32%. United Parcel Service’s payout ratio is 60.57%.
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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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