AXA decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 454,472 shares of the transportation company’s stock after selling 19,293 shares during the quarter. AXA owned about 0.05% of United Parcel Service worth $50,260,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of UPS. V Wealth Management LLC bought a new position in United Parcel Service during the 2nd quarter worth approximately $102,000. First PREMIER Bank boosted its stake in United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in United Parcel Service during the 1st quarter worth approximately $126,000. Winslow Evans & Crocker Inc. boosted its stake in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after acquiring an additional 899 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Institutional investors own 53.07% of the company’s stock.
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Shares of United Parcel Service, Inc. (NYSE UPS) opened at $114.81 on Tuesday. The company has a market capitalization of $97,573.69, a price-to-earnings ratio of 18.93, a PEG ratio of 2.04 and a beta of 0.92. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. research analysts predict that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.89%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.
UPS has been the topic of a number of research reports. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, October 6th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. BidaskClub lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Robert W. Baird reissued a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co boosted their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $120.74.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.59% of the stock is currently owned by insiders.
United Parcel Service Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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