Salzhauer Michael maintained its stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,993 shares of the transportation company’s stock at the end of the second quarter. Salzhauer Michael’s holdings in United Parcel Service were worth $220,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. V Wealth Management LLC bought a new stake in shares of United Parcel Service during the second quarter worth about $102,000. First PREMIER Bank increased its stake in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Tompkins Financial Corp increased its stake in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the first quarter worth about $126,000. 52.90% of the stock is currently owned by institutional investors.
United Parcel Service, Inc. (NYSE UPS) traded up 0.37% during trading on Friday, hitting $113.34. 2,249,273 shares of the stock traded hands. The company’s 50 day moving average price is $111.59 and its 200 day moving average price is $107.96. The company has a market cap of $98.15 billion, a P/E ratio of 27.87 and a beta of 0.88. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is currently 81.57%.
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A number of equities research analysts have commented on UPS shares. Credit Suisse Group restated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research note on Tuesday. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub cut shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $114.57.
In other news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.
United Parcel Service Company 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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