Parametric Portfolio Associates LLC Lowers Position in United Parcel Service, Inc. (NYSE:UPS)
Parametric Portfolio Associates LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,899,649 shares of the transportation company’s stock after selling 137,574 shares during the period. Parametric Portfolio Associates LLC’s holdings in United Parcel Service were worth $196,177,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Capital Advisors Ltd. LLC grew its stake in United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. First National Corp MA ADV purchased a new position in shares of United Parcel Service in the 1st quarter worth about $38,000. Kavar Capital Partners LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $38,000. Whitener Capital Management Inc. increased its position in shares of United Parcel Service by 75.0% during the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 150 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its holdings in shares of United Parcel Service by 41.7% during the 2nd quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after buying an additional 125 shares in the last quarter. 55.57% of the stock is owned by institutional investors.
Several analysts have issued reports on UPS shares. Stifel Nicolaus lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a research note on Monday, July 29th. Raymond James boosted their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. UBS Group upped their price objective on shares of United Parcel Service to $128.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 target price on the stock. Finally, Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $119.72.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The company had revenue of $18.05 billion for the quarter, compared to analysts’ expectations of $17.98 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. United Parcel Service’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.5 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Monday, August 19th were issued a dividend of $0.96 per share. The ex-dividend date was Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.14%. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.
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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