Highland Capital Management LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,180 shares of the transportation company’s stock after purchasing an additional 1,008 shares during the quarter. Highland Capital Management LLC’s holdings in United Parcel Service were worth $1,493,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in UPS. Mutual Advisors LLC increased its position in United Parcel Service by 2.0% during the first quarter. Mutual Advisors LLC now owns 9,262 shares of the transportation company’s stock worth $1,986,000 after purchasing an additional 186 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of United Parcel Service by 16.2% in the 1st quarter. Ritholtz Wealth Management now owns 4,211 shares of the transportation company’s stock valued at $903,000 after acquiring an additional 588 shares during the period. MBL Wealth LLC purchased a new position in United Parcel Service in the 1st quarter valued at $349,000. Guardian Capital Advisors LP grew its position in United Parcel Service by 2.6% in the 1st quarter. Guardian Capital Advisors LP now owns 7,475 shares of the transportation company’s stock valued at $1,404,000 after buying an additional 189 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of United Parcel Service by 94.9% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,212 shares of the transportation company’s stock worth $260,000 after purchasing an additional 590 shares in the last quarter. 59.60% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at United Parcel Service
In related news, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the transaction, the insider now directly owns 102,591 shares of the company’s stock, valued at $20,980,885.41. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.
United Parcel Service Stock Down 3.4 %
United Parcel Service (NYSE:UPS – Get Rating) last posted its earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.15. The firm had revenue of $24.80 billion during the quarter, compared to analysts’ expectations of $24.59 billion. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.06 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 12.85 earnings per share for the current year.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $1.52 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $6.08 annualized dividend and a yield of 3.62%. United Parcel Service’s dividend payout ratio is 48.84%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on UPS shares. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating on the stock in a research report on Tuesday, June 7th. Citigroup decreased their price objective on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $270.00 to $223.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Daiwa Capital Markets boosted their price objective on shares of United Parcel Service to $207.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Evercore ISI reissued an “outperform” rating and issued a $227.00 target price (down previously from $255.00) on shares of United Parcel Service in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $215.11.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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